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Walt Rosenbusch News

15 Nov 1999

Gulf of Mexico Deepwater Oil and Gas Production Rises Dramatically

The Minerals Management Service (MMS) announced production of offshore oil and gas in the deepwater (greater than 1,000 ft deep) portion of the Gulf of Mexico (GOM) reached an all-time high in 1998 and continues to escalate rapidly. Production of oil from the deep water has risen 279 percent in the last five years, and deep water gas production rose 252 percent. According to MMS Director Walt Rosenbusch, "The 1998 increase is significant and of national importance. From 1997 to 1998, oil production from the deep water in the GOM rose 47 percent. The production increase in 1998 was sustained by oil and gas company projects that began production in 1997 and 1998. In 1999, eleven additional projects in the deep water of the GOM have begun or are scheduled to begin.

02 Mar 2000

MMS Requests $247.7 Million FY 01 Budget

The U.S. Department of the Interior's Mineral Management Service (MMS) is requesting $247.7 million for the FY 2001 budget to manage mineral resources on the Nation's Outer Continental Shelf (OCS) in an environmentally sound and safe manner. "The MMS programs are vitally important to the security of the Nation and the well-being of the national economy. This year, we are particularly pleased revenues from oil and natural gas production in the Federal OCS will support the President's Lands Legacy initiative," said MMS Director Walt Rosenbusch. This year's request of $247.7 million is $7.3 million above the FY 2000 enacted level. The FY 01 budget request includes $124.1 million in current appropriations (an increase of $13.9 million)…