Outer

Apache Corp. agreed Monday to pay $1.05 billion to acquire Devon Energy Corp.’s Gulf of Mexico (GOM) properties on the Outer Continental Shelf along the Texas, Louisiana and Alabama coasts.

Responding to the Obama administration’s rollout of a new five-year plan for potential development of the Outer Continental Shelf (OCS), Rep. Edward Markey (D-MA) said he will reintroduce his “Use It or Lose It” legislation that would levy fees on nonproducing oil and natural gas leases when Congress returns from its spring recess this week.

Responding to the Obama administration’s rollout of a new five-year plan for potential development of the Outer Continental Shelf (OCS), Rep. Edward Markey (D-MA) said he will reintroduce his “Use It or Lose It” legislation that would levy fees on nonproducing oil and natural gas leases when Congress returns from its spring recess next week (see Daily GPI, April 1).

Responding to the Obama administration’s rollout of a new five-year plan for potential development of the Outer Continental Shelf (OCS), Rep. Edward Markey (D-MA) said he will reintroduce his “Use It or Lose It” legislation that would levy fees on nonproducing oil and natural gas leases when Congress returns from its spring recess next week (see Daily GPI, April 1).

Frustrated by postponement of an Outer Continental Shelf (OCS) lease sale for waters off the coast of Virginia, lawmakers have introduced a bill that would compel the Department of Interior to proceed with a sale within one year of the legislation’s passage if the state’s governor requests it.

Frustrated by postponement of an Outer Continental Shelf (OCS) lease sale for waters off the coast of Virginia, lawmakers have introduced a bill that would compel the Department of Interior to proceed with a sale within one year of the legislation’s passage if the state’s governor requests it.

Frustrated by postponement of an Outer Continental Shelf (OCS) lease sale for waters off the coast of Virginia, lawmakers have introduced a bill that would compel the Department of Interior to proceed with a sale within one year of the legislation’s passage if the state’s governor requests it.

Interior Secretary Ken Salazar Wednesday was mum on when the department plans to issue its revised five-year (2010-2015) leasing plan for the Outer Continental Shelf (OCS). He said Interior’s first priority is cleaning up the problems with the existing leasing plan for 2007-2012.

A coalition of western business interests has urged Congress to support legislation (HR 2227) that would promote oil and natural gas activity in the federal Outer Continental Shelf (OCS). At the same time it called a bill (HR 3534) sponsored by House Natural Resources Committee Chairman Nick Rahall (D-WV) a “frontal attack” on the industry and urged lawmakers to oppose it.