GulfSlope Energy Inc (GSPE)

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Some reference material on the lease/permit issues that are clouding the long term view

https://www.offshore-mag.com/regional-reports/us-gulf-of-mexico/article/14196800/legal-commentary-federal-statute-will-underpin-challenges-to-bidens-executive-orders

OCLSA also provides that “[m]anagement of the outer Continental Shelf shall be conducted in a manner which considers economic, social, and environmental values of the renewable and nonrenewable resources contained in the outer Continental Shelf … .” 43 U.S.C. § 1344. Litigants might argue that a total ban on offshore production ignores the “economic … values” of the industry, which is contrary to OCSLA and the APA’s requirements of reasoned decision-making.

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