Secretary Doug Burgum traveled to the Gulf of America to tour an offshore oil rig and a liquefied natural gas export facility. During his visit, he held discussions with local energy workers about President Trump's agenda for American Energy Dominance and its effects on oil and gas producers. The Department of the Interior, following the President's direction, has launched initiatives to boost jobs, economic growth, and energy production.
Recently, the Department has revised the permitting process, reducing it from several years to just a few days. In a subsequent development, the Department announced new parameters for Downhole Commingling in the Paleogene reservoirs, aimed at increasing offshore oil output in the Gulf region. This change, driven by detailed consultations with offshore industry leaders, may boost production by approximately 10%. The projected increase is over 100,000 barrels per day over the next decade, potentially lowering costs for American families.
