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Cassidy Offshore Energy Legislation Passes Energy Committee

Press Release

Date: July 30, 2015
Location: Washington, DC
Issues: Oil and Gas

U.S. Senator Bill Cassidy, M.D. (R-LA) applauded the passage of the broad, bipartisan energy bill, the Energy Policy Modernization Act of 2015, along with the passage of his legislation to expand offshore energy production. Dr. Cassidy's Offshore Energy and Jobs Act of 2015 opens parts of the Outer Continental Shelf (OCS) that are currently restricted from oil and gas exploration and development and brings greater equity in revenue sharing for the Gulf states by lifting the Gulf of Mexico Energy Security Act (GOMESA) revenue sharing cap.

The Offshore Production and Energizing National Security (OPENS) Act of 2015 combines Dr. Cassidy'sOffshore Energy and Jobs Act of 2015 to open the Gulf of Mexico with Energy and Natural Resources Chairman Lisa Murkowski's (R-AK) legislation to expand Alaska's OCS, and Sens. Mark Warner (D-VA) and Tim Scott's (R-SC) legislation to open the Atlantic.

Dr. Cassidy released the following statement:

"Opening the Gulf, Arctic and Atlantic to more oil and gas development means more workers can have good paying energy jobs. Opening the Eastern Gulf alone would add $18 billion per year to the U.S. economy and generate billions in revenue that could go to improving our roads and schools, among other things. America has the natural resources to be energy independent--it's time to be independent."


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