OGJ Newsletter

General Interest - Quick TakesBill would lift state shares of OCS revenueSen. Mary L. Landrieu (D-La.) has introduced a bill that would give Gulf Coast states 50% of federal offshore oil and gas revenue from their portions of the Outer Continental Shelf for hurricane protection, including construction of stronger levees and comprehensive coastal restoration.The Gulf Coast Protection Act would make half of this year’s projected $6-8 billion of total federal OCS revenues available to states comprising what she termed the “Energy Coast.”Landrieu said Louisiana represents 25% of US crude oil production and nearly 20% of the country’s natural gas output but receives les...

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