Revenue Sharing and Increased Offshore Access Can Provide Countless Benefits to Coastal States and Communities

For Immediate Release: Thursday, April 26, 2018
Contact:  Justin Williams, (202) 465-8464, jwilliams@nullnoia.org

Revenue Sharing and Increased Offshore Access Can Provide Countless Benefits to Coastal States and Communities

Washington, D.C. – National Ocean Industries Association (NOIA) President Randall Luthi issued this statement on the House Natural Resources Subcommittee on Energy and Mineral Resources hearing on Gulf of Mexico revenue sharing:

“NOIA thanks Chairman Paul Gosar (R-AZ) and Representative Garret Graves (R-LA) for their leadership holding this hearing and letting the Subcommittee hear firsthand the local benefits of revenue sharing from offshore energy development.  In addition to providing direct economic benefits such as jobs and economic growth, the offshore industry plays a critical and often unreported role in coastal restoration and protection all over the Gulf of Mexico.  Offshore energy leasing and production, bonus bids, rents and royalties enable funding for vital services, such as coastal conservation, flood prevention, and hurricane preparedness – services that provide tangible benefits to states and local communities where our employees often live and work.

“Increased offshore access, especially access to new areas in the Gulf of Mexico and other regions of the United States OCS, and allowing the eligibility of new coastal states in the revenue sharing program should be a priority of Congress and the Trump administration.  We can strengthen American energy security while providing countless economic and environmental benefits to states and coastal communities all over America.”

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ABOUT NOIA

NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of both traditional and renewable energy resources on the nation’s outer continental shelf.  NOIA’s mission is to secure reliable access and a fair regulatory and economic environment for the companies that develop the nation’s valuable offshore energy resources in an environmentally responsible manner. The NOIA membership comprises about 250 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance, and renewable energy.