Comprehensive Offshore Resource Enhancement Act of 2025
A BILL
To enhance national security and energy independence through comprehensive offshore energy resource assessment and mapping, to establish a framework for the regular review and standardization of offshore resource exploration methodologies, and for related purposes.
Sec. 2 Assessment of offshore energy resources and reserves
“(b) Inclusions—An inventory and analysis conducted under subsection (a) shall include the following:
“(1) An assessment of the approximate quantity of undiscovered resources in the Atlantic region, the Pacific region off the coasts of California, Oregon, Washington, and Hawaii, the Alaska region, the Gulf of America region, and offshore of territories of the United States, which shall include the following:
“(A) A detailed analysis of how the future production of these undiscovered resources could influence the United States capacity to competitively produce, market, and export hydrocarbons on a global scale. Such detailed analysis shall consider key market variables such as global supply and demand dynamics, projected price points, geopolitical factors, and the role of United States production in maintaining global energy security.
“(B) An economic analysis of how the development and production of these undiscovered resources would affect domestic employment across the supply chain. Such economic analysis shall include direct, indirect, and induced job impacts, emphasizing the potential for job creation in exploration, production, refining, logistics, and associated industries.
“(2) An identification and assessment of how the unavailability for leasing of any lands that are withdrawn under section 12 of the Outer Continental Shelf Lands Act (43 U.S.C. 1341) or part of the National Marine Sanctuary System established by section 301(c) of the National Marine Sanctuaries Act (16 U.S.C. 1431(c)) affects—
“(A) the exploration, development, and production of oil and gas;
“(B) national security, including the Nation’s ability to supply the Armed Forces, its allies, and trade partners with products derived from offshore oil or gas;
“(C) domestic jobs and employment; and
“(D) the amount of revenue States and coastal political subdivisions receive pursuant to—
“(i) section 105 of the Gulf of Mexico Energy Security Act of 2006 (43 U.S.C. 1331 note);
“(ii) the Land and Water Conservation Fund (established under section 200301 of title 54, United States Code); and
“(iii) division A of subtitle III of title 54 (commonly referred to as the ‘National Historic Preservation Act’).
“(3) An assessment, including identification of locations, of non-energy mineral resources for commercial or national security operations, including stone, sand, and gravel, and offshore critical minerals.
“(c) Updating models
“(1) Assessment—The Secretary shall, in consultation with the National Petroleum Council, the Society of Petroleum Engineers, and the United States Association for Energy Economics, periodically conduct an assessment of the costs, benefits, and accuracy of the models utilized by the Department of the Interior to conduct an inventory and analysis under subsection (a). The first assessment under this paragraph shall be conducted not later than 1 year after the date of enactment of the CORE Act of 2025, and subsequent assessments not less frequently than once every 10 years thereafter.
“(2) Updates and reports
“(A) In general—Not later than 1 year after the date on which the Secretary conducts an assessment under paragraph (1), the Secretary of the Interior shall, based on such assessment—
“(i) update the models described in such paragraph and publish a report on such update; or
“(ii) publish a report on why an update to such models is not necessary.
“(B) Inclusions—Each report published under subparagraph (A) shall include the following:
“(i) A clear, detailed explanation of any updates made to the models described in paragraph (1) or why updates were not necessary.
“(ii) An evaluation describing how any updates made under subparagraph (A) improve the accuracy, cost-effectiveness, and reliability of the inventories and analyses conducted under subsection (a).
“(iii) If any updates recommend by the National Petroleum Council, the Society of Petroleum Engineers, or the United States Association for Energy Economics are not incorporated, a detailed explanation of why such updates were not incorporated.”