H.R. 6082, Congressional Replacement of President Obama’s Energy-Restricting and Job-Limiting Offshore Drilling Plan

Cost Estimate
July 20, 2012

As ordered reported by the House Committee on Natural Resources on July 18, 2012

H.R. 6082 would establish a schedule for oil and gas lease sales in the Outer Continental Shelf (OCS) that would replace the leasing plan developed by the Department of the Interior (DOI) for the 2012-2017 period. The bill would direct DOI to auction leases in areas that are not included in DOI’s plan, including the OCS in the Atlantic and Pacific Oceans and the North Aleutian Basin in Alaska. It also would require auctions to be held earlier and more frequently in certain OCS areas in Alaska and the eastern Gulf of Mexico. Under H.R. 6082, the timetable for sales in the central and western Gulf of Mexico, which occur annually under current policies, would remain unchanged.

CBO estimates that enacting H.R. 6082 would increase offsetting receipts collected from lease sales over the 2013-2022 period, thus reducing net direct spending by about $600 million over that period. In addition, CBO estimates that implementing the bill would cost $35 million over the 2013-2017 period, assuming appropriation of the necessary amounts. Enacting this bill would not affect revenues. Pay-as-you-go procedures apply because enacting the legislation would affect offsetting receipts (a credit against direct spending).

H.R. 6082 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.