Happy Tuesday! Happy Galentine’s Day! We hope you are enjoying the lovely, sunny day!
Did anyone
happen to read the Oil & Gas Journal’s Daily Update Newsletter on February
13, 2024, their article titled, “API challenges Biden administration’s 5-year
OSC lease program in court”? In the
article, it spoke in regard to U.S. Department of Interior’s Bureau of Ocean Energy
Management (BOEM) and their National Outer Continental Shelf Oil and Gas Leasing Program for 2024 thru 2029 which
was announced at the end of 2023 is being challenged by the American Petroleum Institute (API) in the US District Court of Appeals DC
Circuit. The BOEM’s program announced
the fewest oil and gas leasing program auctions during the 5-year period with
none this year and only enough to honor the agreement in the 2022 Inflation
Reduction Act. API has approached the
court to evaluate the new oil and gas leasing program against past programs and
claims the new terms are 500 days late to make such changes. If you would like to read more of the Oil
& Gas Journal’s article, please click the link: API
challenges Biden administration’s 5-year OCS lease program in court | Oil &
Gas Journal (ogj.com).
If you would
like help in looking into how to move your liquids and reduce your emissions,
contact us via email in the blog and check out our ESC's website!
We hope you have a wonderful evening and have prepared for
Valentine’s Day! We sense love and sweets
are in the air!
**Disclaimer: You may be charged a fee to read The Oil
and Gas Journal’s article. **