Home > calendar > Page
Oversight Hearing on "State Perspectives on Offshore Revenue Sharing"
Wednesday, July 27, 2011 10:00 AM
Full Committee
1324 Longworth House Office Building


COMMITTEE ON NATURAL RESOURCES
1324 Longworth House Office Building
Wednesday, July 27, 2011
10:00 a.m.





OVERSIGHT HEARING ON:

  • "State Perspectives on Offshore Revenue Sharing"

OPENING STATEMENT:

The Honorable Doc Hastings
Chairman

WITNESSES AND TESTIMONY:

Panel I

The Honorable Doug Domenech
Secretary of Natural Resources
Commonwealth of Virginia

The Honorable Garret Graves
Chairman
Coastal Protection and Restoration Authority
Office of the Governor State of Louisiana

Ryan Alexander
President
Taxpayers for Common Sense
(Truth in Testimony Form)

STATEMENT FOR THE RECORD:

Letter from The Honorable Sean Parnell
Governor of Alaska

BACKGROUND:

The hearing will feature testimony from representatives of coastal states and examine state interest in a fair, equitable revenue sharing plan from offshore revenues. In Fiscal Year 2008, it is estimated that federal offshore energy production generated $18 billion in revenue. Under the Gulf of Mexico Energy Security Act of 2006 (GOMESA), Gulf coast states receive 37.5 percent of revenue from specified oil and natural gas leases off their coast. However, there is not a revenue sharing program in place for states outside of the Gulf of Mexico. The Committee may consider proposals for offshore revenue sharing legislation.

Latest News

Subcommittee Presses Panel on Status of Puerto Rico’s Power Utility Restructuring Agreement

Today, the Subcommittee on Indian, Insular and Alaska Native Affairs held an oversight hearing on the status of the Puerto Rico Electric Power Authority (PREPA) Restructuring Support Agreement (RSA). ...... Read more

Bishop Response to Successful Gulf of Mexico Lease Sale

Today, the Department of the Interior’s Lease Sale 247 for oil and gas parcels in the Gulf of Mexico brought in over $274 million for over 900,000 acres in the Outer Continental Shelf offshore Louisia...... Read more

Reps. Hice and Lowenthal Introduce Bill to Enhance Financial Aid for Mine Cleanup

Today, Representatives Jody Hice (R-GA) and Alan Lowenthal (D-CA) introduced H.R. 1668, the “Bureau of Land Management Foundation Act.” H.R. 1668 establishes a new foundation that will leverage privat...... Read more

View All News

Calendar

Oversight Hearing on ESA Consultation Impediments to Economic and Infrastructure Development
Subcommittee on Oversight and Investigations | 1324 Longworth House Office Building Washington D.C. 20515
View All Events