Home > newsroom > Page
House Committee Approves Legislation to Approve Transboundary Hydrocarbons Agreement with Mexico
Bill Creates New American Jobs, Expands American Energy Production, Grows Economy

WASHINGTON, D.C., May 15, 2013 - Today, the House Natural Resources Committee approved H.R. 1613, the “Outer Continental Shelf Transboundary Hydrocarbon Agreements Authorization Act” with a bipartisan vote of 25-16.  This important legislation would approve and implement the terms of the U.S. - Mexico Transboundary Hydrocarbons Agreement that governs the development of shared oil and natural gas resources along the U.S. – Mexico maritime border in the Gulf of Mexico. 

The bill would lift the current moratorium on drilling along the maritime border and provide new access to an area estimated to contain as much as 172 million barrels of oil and 304 billion cubic feet of natural gas.  This will expand energy development, create new American jobs, lower energy prices, generate new revenue, and make America more energy secure. 

“Today we took another step towards embracing an all-of-the-above approach to energy that safely develops our natural resources to help achieve North American energy independence. This bipartisan bill will help lower energy costs while creating American jobs by safely opening up more than 1.5 million acres in the Gulf of Mexico for exploration and production. This is a common sense approach to work with our partners south of the border to make both countries more energy secure, while protecting our sovereignty.  This legislation works out the vast majority of differences with the Obama Administration, while also ensuring that those seeking to harvest these resources have the certainty they need to move forward. I’m optimistic that this legislation will pass the House of Representatives, and continue on its path towards becoming law,” said Rep. Jeff Duncan (SC-03).
 
“Approval of this legislation by the Committee is important to finalizing this agreement and expanding American energy production.  This bill would create jobs, lower energy prices by increasing our domestic supply, generate new federal revenue to help lower the debt and strengthen our economy, and make America more energy secure by opening up new areas in the Gulf of Mexico to exploration and development.  In addition, this important legislation would lay the framework for transboundary agreements with other nations that will allow America to fully utilize its shared natural energy reserves.” said Natural Resources Committee Chairman Doc Hastings (WA-04). 

The House Natural Resources Committee recently held an oversight hearing on H.R. 1613 where the Obama Administration and expert witnesses both voiced their support of the “Outer Continental Shelf Transboundary Hydrocarbon Agreements Authorization Act.”



Contact: Committee Press Office 202-226-9019

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