API Welcomes Interior’s Plans for Next Gulf of America Lease Sale

WASHINGTON, April 4, 2025 — The American Petroleum Institute (API) today released the following statement from Vice President of Upstream Policy Holly Hopkins after the Department of the Interior’s announced plans to hold a new lease sale in the Gulf of America later this year.

“API welcomes the administration’s efforts to fully leverage the Gulf of America’s vast resources as a critical source of government revenue, economic growth and energy security. This is an important step to restore a pro-American energy approach to federal offshore leasing, and we look forward to working with Secretary Burgum to advance American energy dominance.”

According to the U.S. Energy Information Administration, U.S. offshore production accounts for 14% of total U.S. crude oil production, or nearly 2 million barrels of oil per day. Robust offshore oil and natural gas development could generate over $8 billion in additional government revenue by 2040.

API represents all segments of America’s natural gas and oil industry, which supports nearly 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our approximately 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.

###