Interior Department promotion could aid oil exploration sector

Tommy Beaudreau, the acting assistant secretary of land and minerals management at the Interior Department, will become Secretary Sally Jewell's chief of staff. Tommy Beaudreau, the acting assistant secretary of land and minerals management at the Interior Department, will become the Secretary Sally Jewell's chief of staff, according to Fuel Fix - a move that could benefit the oil exploration sector.

Beaudreau oversees offshore oil leasing and influenced the Deepwater Horizon investigation as the incident unfolded. Fuel Fix predicts Beaudreau's appointment decision will benefit not only the oil industry but environmentalists as well - Beaudreau led a probe of Shell's 2012 drilling projects north of Alaska.

"He understands Alaska," observed Robert Dillon, a spokesperson for Sen. Lisa Murkowski, R-Alaska.

The article predicts he will continue to play a role in shaping Alaska's oil future.

As Alaska continues to be a site for drilling operations, the Gulf of Mexico is beginning to return to its old status as a place for oil production. According to the Dallas News, there is more drilling going on now than there had been before the Deepwater Horizon spill.

"We're projecting out to 2020, and our clients are saying as long as we have $80, $90 oil, it's full steam ahead," said Kevin Wetherington, vice president for the Gulf of Mexico at Baker Hughes. "These are some very productive reserves they're looking to tap into."

More information on offshore drilling can be found on PennEnergy's research area.

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