C.O.B. Tuesday

Live from the Gulf of America with Deputy Secretary Kate MacGregor, Rep. Pete Stauber, and Mike Minarovic, Arena Energy

Mar 18, 2026
Pete Stauber, Minnesota congressman focused on energy, mining, and permitting. Kate MacGregor, Deputy Secretary overseeing public lands and mineral development with private-sector energy experience. They tour a Gulf rig and discuss Gulf oil and gas production, federal lease sales and royalties, permitting reforms and NEPA changes, critical minerals and mining, pipeline links to consumers, and energy security amid geopolitical risks.
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ADVICE

Target Deepwater Oil For Big Volume Growth

  • Focus current investment on oil-driven deepwater opportunities while shelf firms optimize remaining nearshore prospects.
  • Minarovic notes gas economics are weak at $3–3.50 but deepwater oil can deliver larger volumes and returns.
ADVICE

Speed Up Permitting To Unlock Projects

  • Accelerate permitting and cut multi-year delays to unlock domestic mining and energy projects.
  • Pete Stauber and Kate MacGregor point to average 29-year mine timelines and APD reductions from 380 to ~100 days as solvable management issues.
INSIGHT

Competitive Royalties Drive Lease Participation

  • Competitive royalty rates matter for attracting investment to federal offshore basins.
  • MacGregor says reverting Gulf royalties to 12.5% has increased bidder participation at lease sales.
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