That revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security act back in 2006. At that time the bill did not include alaska. The coastal act we are considering now what establish a Revenue Sharing Program that would include alaska. At the current time our offshore production is pretty minimal
Going to be modified . And how soon will you be establishing those . Are they in the same priority that was mentioned in terms of which ones are going to be focused on first . I would say it is in the same priority. So backing into it, our goal is, by the start of the next fiscal year, july 1st, to have established what those metrics are so we can begin to collect that data right away and report on it. In order for us to do that, getting back to january, we need to have some sense of which ones are looking like they are going to be doable and validated so that we can come back to the table as a network and say, okay , here is the potential universe of data that has been validated. Of this, how much of this support are true north pillars and particularly some of the metrics we have already identified . We feel the metrics we have now are appropriate and has been a 1 1 match within epic in our pre epic sources, we would be continuing along that journey anyway. So it is not as if were loo
We are here this morning for three closely related purposes and first we will examine federal revenues generated from Energy Development on our federal lands, indian lands and federal offshore areas. Secondly, we will explore how that revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security ac
Leadership for us to be able to have some informed discussions and make some decisions. That is great. Thank you. Commissioner guillermo . Thank you for this report. I had a similar question to commissioner green with regards to the ability of in your validation process, which ones would be easier to transition across from. I guess it is a similar question about the process. As you were doing the validation , the baselines that have been established, are they going to change, or are they going to be modified . And how soon will you be establishing those . Are they in the same priority that was mentioned in terms of which ones are going to be focused on first . I would say it is in the same priority. So backing into it, our goal is, by the start of the next fiscal year, july 1st, to have established what those metrics are so we can begin to collect that data right away and report on it. In order for us to do that, getting back to january, we need to have some sense of which ones are loo
, the baselines that have been established, are they going to change, or are they going to be modified . And how soon will you be establishing those . Are they in the same priority that was mentioned in terms of which ones are going to be focused on first . I would say it is in the same priority. So backing into it, our goal is, by the start of the next fiscal year, july 1st, to have established what those metrics are so we can begin to collect that data right away and report on it. In order for us to do that, getting back to january, we need to have some sense of which ones are looking like they are going to be doable and validated so that we can come back to the table as a network and say, okay , here is the potential universe of data that has been validated. Of this, how much of this support are true north pillars and particularly some of the metrics we have already identified . We feel the metrics we have now are appropriate and has been a 1 1 match within epic in our pre epic sour