FEDERAL - LEGISLATIVE: H.R. 218 – Saving America’s Energy Future Act. On February 9, official bill text was made available for H.R. 218, known as the Saving America’s Energy Future Act. The bill, sponsored by first-term Rep. August Pfluger (R-TX) representing Midland and the Permian Basin, would prohibit the Interior Department or Department of Agriculture (regarding National Forests System lands), from exercising any moratorium on issuing new oil and gas leases and drill permits, nor renewals of such permits, on federal lands under their jurisdiction. Read more.
FEDERAL - REGULATORY: Offshore Oil and Gas Lease Sale Cancellation. On February 18, the Biden administration cancelled the scheduled March 17, 2021 oil and gas lease sale of more than 78 million acres in the Gulf of Mexico. (86 Fed. Reg. 10132) According to the prior administration’s Bureau of Ocean Energy Management’s announcement in November 2020, Lease Sale 257 was scheduled to “be the eighth offshore sale under the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program” and included “approximately 14,594 unleased blocks – all of the available unleased areas in federal waters of the Gulf of Mexico.” The Biden administration has provided no information regarding whether or when further offshore lease sales may resume. Read more.
INDUSTRY NEWS: Texas oil and gas industry groups seeks to end routine flaring. On February 10, the Texas Methane and Flaring Coalition, which includes more than 40 Texas operators, the Permian Basin Petroleum Association, the Texas Alliance of Energy Producers, the Texas Independent Producers and Royalty Owners Association, and the Texas Oil and Gas Association, among others, announced their intention to end routine natural gas flaring in the state by 2030. Read more.