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Offshore Oil and Gas Drilling: New Rules and Timelines

This act mandates the Secretary of the Interior to conduct at least 20 offshore oil and gas lease sales in the Gulf of Mexico over the next 10 years. These changes could impact energy availability and fuel prices, as well as the natural environment in the Gulf of Mexico region. The act also extends the drilling moratorium in certain areas until 2035, with some exceptions.
Key points
Requires at least 20 offshore oil and gas lease sales in the Gulf of Mexico over a 10-year period.
Each lease sale must offer at least 74 million acres.
Issued leases remain valid even if environmental reviews are challenged in court, and drilling permit applications will continue to be processed.
The moratorium on drilling in certain parts of the Gulf of Mexico and South Atlantic is extended until December 31, 2035, with exceptions for existing leases and environmental conservation purposes.
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Status:
Introduced
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Additional Information
Print number: 119_S_109
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2025-01-16