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The first federal lease sale offshore Florida was in 1959. In the 1980s the state of Florida objected to further federal lease sales in offshore Florida, and the last one was held in 1985. Because of state objections, the federal government agreed to pay $200 million to nine oil companies to buy back leases south of 26 degrees north latitude. [28]
The moratorium banned federal leasing through the year 2000 off the East Coast, West Coast, the eastern Gulf of Mexico (offshore Florida Gulf Coast), and the Northern Aleutian Basin of Alaska. In 1998, President Bill Clinton extended the moratorium through 2012. In July 2008, President George W. Bush rescinded the executive order.
In October 2021, the Biden administration approved the initiation of mapping out potential lease areas along the Pacific and Gulf of Mexico coasts. [70] In March 2022, five areas off the coast of California were defined for lease. [71] An auction in December 2022 leased the areas for a total of $757 million. [72]
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Chevron, Shell Offshore, the American Petroleum Institute and the state of Louisiana sued to reverse the cut in acreage and block the inclusion of the whale-protecting measures in the lease sale ...
The Biden administration says it is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska, removing millions of acres from possible drilling as U.S ...
Texas Gulf Coast is an intertidal zone which borders the coastal region of South Texas, Southeast Texas, and the Texas Coastal Bend.The Texas coastal geography boundaries the Gulf of Mexico encompassing a geographical distance relative bearing at 367 miles (591 km) of coastline according to CRS [1] and 3,359 miles (5,406 km) of shoreline according to NOAA.
“In 2023, nearly $100 billion of U.S. goods and services were purchased by the oil and natural gas sector in Texas coastal counties, 30% of which occurred within the region.” ...