API and NOIA identify South-Central Gulf as key area for energy production expansion

Summary

The API and NOIA report highlights the South-Central Gulf as a critical area for U.S. energy production, projecting over 470,000 barrels of oil equivalent per day by 2040. This expansion is expected to support 133,000 jobs and contribute $11.3 billion to the U.S. GDP annually. The report emphasizes the importance of a predictable offshore leasing program to attract investment and maintain energy security.

Recent Coverage

• The Gulf’s Next Frontier: How the South-Central Expansion Secures Our Energy Future

  Shale Magazine • May 1