"Loading..."

May 01, 2017

Gulf Energy Alliance Applauds Trump Administration “America First Offshore Energy Executive Order”

Today, GEA released the below statement, upon Secretary Zinke signing the Secretarial Order in Houston at OTC, to begin implementation of the America First Offshore Energy Executive Order. Signed by President Trump on Friday, this Executive Order will remove barriers for investment in the Gulf of Mexico and unleash continued economic growth for our region.

The following statement can be attributed to Matt McCarroll, CEO of Fieldwood Energy and a Founding Member of the Gulf Energy Alliance:

“The America First Offshore Energy Executive Order signed by President Trump last Friday and Interior Secretary Ryan Zinke’s Secretarial Order today are positive developments and a clear signal of the return of government to the table as a partner–and not an adversary–in the safe and responsible development of our nation’s abundant offshore resources. We are particularly encouraged that the Executive Order specifically requests the Department of Interior to review Notice to Lessees 2016-N01 regarding financial assurance obligations and instructs the Agency to minimize unnecessary regulatory burdens on the industry in a new financial assurance framework.

Independent operators in the Gulf, as represented by the Gulf Energy Alliance, remain committed to working with the Trump administration to create solutions that ensure industry’s accountability to U.S. taxpayers for its offshore obligations. It is critical that financial assurance requirements–and any other regulations for that matter–maintain that accountability in a manner that is workable, achievable and does not create unnecessary burdens for continued investment in the Gulf of Mexico.

A more reasonable, collaborative approach to offshore regulation will make the Gulf of Mexico more attractive for capital investment and could add billions of dollars in royalty payments to the US Treasury while continuing to support tens of thousands of jobs across the Gulf Coast.”

ADDITIONAL ARTICLES

June 28, 2023

GEA Comments on the Proposed Financial Assurance Rule.

March 09, 2023

The GEA Applauds the House Natural Resources Committee for Bringing Forward Much-Needed Permitting Reforms and Mandated Offshore Lease Sales in the TAPP Act

October 06, 2022

Gulf Energy Alliance Comments on U.S. Department of Interior, Bureau of Ocean Management’s Proposed 2023–2028 National OCS Oil and Gas Leasing Program and Draft Programmatic Environmental Impact Statement

March 22, 2022

Written Statement of Kevin Bruce, Executive Director Gulf Energy Alliance

HOUSTON OFFICE
  • Address:
    P.O. Box 105
    2103 Research Forest Drive
    The Woodlands, Texas 77380

CONTACT US

For inquiries, questions, or to express interest in becoming a member, please complete the form below.