Lease Sale 259 Reflects Need for Finalized Leasing Program

For Immediate Release: Wednesday, March 29, 2023
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Lease Sale 259 Reflects Need for Finalized Leasing Program
Washington, D.C. – National Ocean Industries Association (NOIA) President Erik Milito issued the following statement after the conclusion of region-wide Gulf of Mexico Lease Sale 259:

“Lease Sale 259 is an opportunity to strengthen our national security interests and develop domestic energy supplies in the face of geopolitical uncertainty and tight global demand. Lease Sale 259 is the first Gulf of Mexico offshore oil and gas lease sale since November 2021. Mandated by the Inflation Reduction Act, which was signed into law by President Biden, Lease Sale 259 and the resumption of Gulf of Mexico oil and gas lease sales has been needlessly overdue. Companies need lease opportunities to explore and potentially develop domestic energy resources. Our national energy needs clearly depend upon a commitment to continued U.S. offshore energy development. U.S. Gulf of Mexico offshore energy production is a key component of a national energy strategy that will ensure Americans can continue to have access to fundamental domestic energy that is produced safely, sustainably, and responsibly.

“Operations in the U.S. Gulf of Mexico adhere to the highest safety and environmental standards. The multitude of companies involved in offshore energy development are working collaboratively to shrink an already small carbon footprint. From electrifying operations to deploying innovative solutions that reduce the size, weight, and part count of offshore infrastructure – thus increasing safety and decreasing emissions – the U.S. Gulf of Mexico hosts a high-tech revolution. Oil produced from the U.S. Gulf of Mexico has a carbon intensity one-half that of other producing regions. The technologies used in deepwater production – which represents 92 percent of the oil produced in the U.S. Gulf of Mexico – place this region among the lowest carbon intensity oil-producing regions in the world .

“The preceding gap in leasing underscores why the next federal offshore oil and gas leasing program must be finalized and implemented as quickly as possible. Policies that restrict domestic offshore development require imports to make up the shortfall, and that supplemental production comes from higher-emitting operations in other countries to the detriment of our energy security, economic wellbeing, and emissions and climate progress.”


About NOIA 
The National Ocean Industries Association (NOIA) represents and advances a dynamic and growing offshore energy industry, providing solutions that support communities and protect our workers, the public and our environment.

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