GPI+ — Gulf Permit Index — as of September 30, 2013


NEW ORLEANS — Today, Greater New Orleans, Inc. (GNO, Inc.) and several partnering organizations released the thirty-seventh Gulf Permit Index (GPI) to the public. This edition, the eighteenth GPI+, includes data on deep- and shallow-water permit issuance taken from the Bureau of Safety and Environmental Enforcement (BSEE) as well as data on exploration and development plans taken from the Bureau of Ocean Energy Management (BOEM). The two agencies replaced the Bureau of Ocean Energy, Management, Regulation, and Enforcement (BOEMRE) on October 1, 2011.

In both July and August 2013, deep-water permit issuance fell below the monthly average observed in the year prior to the oil spill.

Four were issued in July, representing a 2-permit — or 33% — decrease from the average of 6 permits per month. This number also represents a 3-permit decrease — or 43% — from the historical average of 7 permits per month in the three years prior to the oil spill. This also represents a 2-permit (33%) decrease from the average observed over the past three months.

In August, five permits were issued, representing a 1-permit — or 17% — decrease from the average of 6 permits per month. This number also represents a 2-permit decrease — or 29% — from the historical average of 7 permits per month in the three years prior to the oil spill. This also represents a 1-permit (17%) decrease from the average observed over the past three months.

In September 2013, eight permits were issued, representing a 2-permit — or 33% — increase from the average of 6 permits per month.This number also represents a 1-permit — or 17% — increase from the historical average of 7 permits per month in the three years prior to the oil spill.This also represents a 2-permit (33%) increase from the average observed over the past three months.

Through both the months of July and August, four shallow-water permits were issued each month. This number dips below the monthly average of 7 permits per month observed in the year prior to the oil spill. This number also represents an 11-permit — or 85% — reduction from the historical average of 15 permits per month in the three years prior to the oil spill, and matches the average observed over the past three months.

Through the month of September, 5 shallow-water permit was issued. This number falls below the monthly average of 7 permits per month observed in the year prior to the oil spill. This number also represents an 10-permit — or 66% — reduction from the historical average of 15 permits per month in the three years prior to the oil spill, and is higher than the average observed over the past three months.

The GPI+ also shows a continued increase in the average number of days taken to approve plans.

In July 2013, the average approval time for a plan was 107 days, compared to the historical average of 61 days. This number represents a 75% increase above historic approval times. In both August and September 2013, the average approval time for a plan was 102 days, compared to the historical average of 61 days. This number represents a 67% increase above historic approval times.

Charts tracking approved new permits for deep- and shallow-water drilling are below. In addition, a chart detailing the changes in average approval time can be found below. Raw data on number of permits issued and plans approved is taken from the BSEE and BOEM websites. Research and analysis was performed by GNO, Inc. staff members.

GNO, Inc. will continue to monitor permits and plans being reviewed by BSEE and BOEM, respectively. The organization will report on its findings quarterly with updated GPI+ reports.

 

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About Greater New Orleans, Inc.

The GNO, Inc. Mission is to serve as the catalyst for wealth creation in the Greater New Orleans region. GNO, Inc. will accomplish this by pursuing an aggressive agenda of business development – marketing the region – and product development – improving regional business conditions through policy, workforce and research initiatives.

The GNO, Inc. Vision is for the Greater New Orleans region to fulfill its potential as one of the best places in the country to grow a company, and raise a family. The ultimate indication of success for GNO, Inc. will be the presence of a robust and growing middle class in southeastern Louisiana.

More information can be found at www.gnoinc.org.