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The
NewsRoom
Release: #3456
Date: February 6, 2006
President Requests $292.3
Million for FY 2007 MMS Budget
WASHINGTON, D.C. -The FY 2007 budget for the
Minerals Management Service is $292.3 million. This is an increase
of $11.3 million over the FY 2006 enacted level.
With the enactment of the Energy Policy Act of 2005,
MMS faces a wide range of new and expanded responsibilities. Several
sections of the Act add significant additional scope to the MMS
mission, such as Section 388, Alternate Energy-Related Uses on the
Outer Continental Shelf, and Section 384, Coastal Impact Assistance
Program. In addition, several sections increase the scale of existing
programs, such as new incentives for oil and gas production, and
system modifications for processing royalty credits and incentives.
“This is a critical year for the nation and our
growing energy needs,” said Johnnie Burton, MMS director. “With this
budget request, MMS can continue moving forward with the new
initiatives outlined in the Energy Policy Act of 2005, to ensure safe
and clean development of needed ocean energy, efficient mineral
revenue collection, and expansion of partnerships through Indian
compliance assurance initiatives,” Burton said.
MMS budget priorities are designed to enhance
current operations and meet future demands. The President’s 2007
budget will allow MMS to ensure that the public receives the maximum
benefit from America’s OCS resources and mineral revenues.
The 2007 MMS budget request is $292.3 million in
current appropriations and offsetting receipts. The request for direct
appropriations is $163.6 million, an increase of $5.3 million from the
2006 enacted budget, excluding the Hurricane Katrina supplemental.
Offsetting receipts are estimated to be $128.7 million, an increase of
$6.0 million over 2006.
The resulting $11.3 million increase in overall
funding will enable MMS to establish a comprehensive program to manage
new and innovative renewable energy projects on the OCS; participate
in a coordinated Departmental effort to accelerate research, resource
modeling, assessment, and characterization of gas hydrates in the Gulf
of Mexico and the North Slope of Alaska; facilitate OCS development
and enhance monitoring of deepwater activities; implement the Indian
oil valuation rule; and complete the environmental analyses necessary
for the 2007 OCS lease sales and the 2007-2012 Five-Year Lease
program. The 2007 budget also includes a reduction of $3.1 million
related to the indirect costs more appropriately financed through
Royalty In Kind receipts collected in 2007.
MMS, an agency of the U.S. Department of the
Interior, manages offshore oil and gas exploration as well as
renewable and alternative energy sources such as wind, wave, and solar
on 1.76 billion acres of the Outer Continental Shelf while protecting
the human, marine, and coastal environments. The OCS provides 30
percent of oil and 21 percent of natural gas produced domestically,
and sand used for coastal restoration. MMS collects, accounts for, and
disburses mineral revenues from Federal and American Indian lands, and
contributes to the Land and Water Conservation Fund and other special
use funds, with Fiscal Year 2005 disbursements of approximately $9.9
billion and more than $153 billion since 1982.
Relevant Web Sites
and Documents:
Media Contact:
Gary Strasburg
(202) 208-3985
MMS: Securing Ocean Energy & Economic Value for
America
U.S. Department of the Interior
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