Biden Administration Releases Proposed Offshore Leasing Plan

The release of the proposal by the Biden administration is only the second part of a three-step process to finalize “whether or how many” lease sales will be held in the five-year plan.

Biden Administration Releases Proposed Offshore Leasing Plan

The proposed plan, which could include zero to 11 offshore oil and gas lease sales, reflects President Joe Biden’s and Interior Secretary Deb Haaland’s “commitment to transition to a clean energy economy,” according to a press release. (Source: Hart Energy, Shutterstock.com)

The Biden administration recently unveiled a new proposed offshore oil and gas leasing plan, which could include anywhere from zero to 11 lease sales.

Consistent with the recently expired leasing program, only acreage in the Gulf of Mexico and the Cook Inlet of Alaska is included in the latest proposed program for the U.S. Outer Continental Shelf (OCS). The proposed plan, for years 2023-2028, reflects President Joe Biden’s and U.S. Department of the Interior (DOI) Secretary Deb Haaland’s “commitment to transition to a clean energy economy,” according to a press release.

“This is the second step in a three-step planning process to determine whether or how many offshore oil and gas lease sales to hold over the next five years. The proposed plan puts forward several options from no lease sales up to 11 lease sales over the next five years,” Haaland said in the press release.

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Jennifer Pallanich

Jennifer Pallanich is Hart Energy's senior editor for technology. She has reported on the technology that fuels oil patch exploration, development and production for more than two decades.