CBO Issues Cost Estimate for BRIDGE Production Act
February 29, 2024
February 29, 2024
WASHINGTON, Feb. 29 -- The Congressional Budget Office issued the following cost estimate on Feb. 28, 2024, for the BRIDGE Production Act (H.R. 5616):
* * *
* Bill Summary
H.R. 5616 would require the Bureau of Ocean Energy Management (BOEM) to conduct at least 13 offshore oil and gas lease sales on the Outer Continental Shelf (OCS), including 10 in the Gulf of Mexico and 3 in Alaska's Cook Inlet Planning Area over the five-year period following enactment.< . . .
* * *
* Bill Summary
H.R. 5616 would require the Bureau of Ocean Energy Management (BOEM) to conduct at least 13 offshore oil and gas lease sales on the Outer Continental Shelf (OCS), including 10 in the Gulf of Mexico and 3 in Alaska's Cook Inlet Planning Area over the five-year period following enactment.< . . .