Gulf of Mexico Energy Security Act of 2006
Opens 2 million acres March 2007
Opens 0.5 million acres March 2008
Opens 5.8 million acres March 2009
Redirects a portion of the royalties to TX, LA, MS, and AL
The leasing schedule is back loaded — 5.8 million of the 8.3 million acres to be leased in March, 2009. It’s possible a Democrat-heavy Congress and a President Obama will rescind the March ‘09 lease.