The
Bureau is the
Interior Department agency responsible for
leasing and managing our Nation's oceans for oil and
natural gas development and for other mineral and energy
uses. Additionally, the BOEMRE's
Minerals Revenue Management (MRM) Program
manages all revenues associated with both federal
offshore and onshore mineral leases. The MRM’s work
results in one of the greatest sources of non-tax
revenues for the Federal government.
While BOEMRE’s
Offshore Energy & Minerals Management (OEMM)
offices contend with all aspects of offshore federal
leasing, federal
onshore mineral leasing activities are managed
by the
Interior Department’s Bureau of Land Management
and the
Agriculture Department’s U.S. Forest Service.
Indian mineral leases are administered by the
Bureau of Indian Affairs and the
Bureau of Land Management. The BOEMRE’s MRM, in
conjunction with the Bureau of Indian Affairs, provides
revenue management services for mineral leases on Indian
lands.
Operationally
based at the Denver Federal Center in Colorado, the MRM
Program also has field offices near principal energy
development areas in Texas, Oklahoma and New Mexico.
Some federal
lands are leased to individuals and companies for
minerals development. Lease holders competitively bid,
initially pay a bonus, and subsequently rent, for the
right to develop these onshore and offshore lands. If
minerals are found, extracted and sold, the federal
government is entitled to a certain percentage of, or
royalty, on the production.
Using
sophisticated, computerized accounting systems, the MRM
processes nearly $1 billion in payments each
month. Bonuses, rents and royalties from more
than 67,000 leases can amount to several billion dollars
each year—an amount that peaked to more than $23 billion
in 2008 and has averaged approximately $13 billion
during the past five years. Totals fluctuate with
market prices, amount of production, and the number of
lease sales.
The work of the
Offshore Energy and Minerals Management Program (OEMM)
includes the preparation and administration of regular
offshore oil and gas lease sales. Additionally, we are
responsible for conducting
supporting research and
documentation leading
up to each lease sale. Our needs are many and varied
from engineers, marine biologists, geologists,
geophysicists, social scientists, environmental
specialists, petroleum engineers, program analysts,
statisticians and economists to name just a few.
The OCS is a
significant
source of oil and gas for the Nation’s energy
supply. The approximately 43 million leased OCS acres
generally accounts for about 15 percent of America’s
domestic natural gas production and about 27 percent of
America’s domestic oil production. The BOEMRE’s oversight
and
regulatory framework ensure
production and drilling are done in an
environmentally responsible manner, and done
safely.
Headquartered in
Washington, D.C. and the nearby suburb of Herndon,
Virginia, OEMM also has regional offices in Anchorage,
Alaska; Camarillo, California; and New Orleans,
Louisiana.
In addition, BOEMRE has
finalized regulations to guide
Renewable Energy endeavors located on the OCS.
Examples of potential renewable energy projects include
wind energy, wave energy, ocean current energy, and
more. We are excited to be administering this new
Program on behalf of the nation and are eager to see
where new innovations in offshore Renewable Energy
projects will take us in the future. This program is
devoted to oversight and facilitating the development of
alternatives such as wind power, wave and current power,
and solar energy.
This is an extremely
important and exhilarating time for the BOEMRE team. We
need the best and the brightest to achieve our goals,
meet our mission requirements and perhaps most
importantly, ensure that we do all we can to securely
recover America's energy resources offshore.