Government

What does the do?

Updates published annually

The Bureau of Ocean Energy Management (BOEM) is a subdivision of the Department of the Interior responsible for managing the development of the nation's offshore resources in an environmentally and economically responsible way. The agency oversees leasing for oil and gas exploration, renewable energy development, and marine mineral extraction on the Outer Continental Shelf. It was established in 2011.

In FY 2024,

$170M

was spent by the Bureau of Ocean Energy Management
In FY 2024,

1.0%

of Dept. of the Interior spending was by the Bureau of Ocean Energy Management

How much does the Bureau of Ocean Energy Management spend?

The Bureau of Ocean Energy Management spent a net total of $170 million in fiscal year (FY) 2024. This was 1% of the $17.1 billion spent by the Department of the Interior, which itself was 0.3% of all federal spending. The BOEM ranked 11th among DOI subdivisions in net spending.
Net spending is the difference between agency spending and any financial accounts generating funds from the agency’s own activities, like fees or rent. When these funds offset all spending, net spending appears negative. Some agencies tend to operate with positive net spending while others will register negative net spending sometimes or often.

The Bureau of Ocean Energy Management ranked 11th among Department of the Interior divisions in net spending in 2024.

DOI net spending by division, FY 2024

Like the overall federal budget, agency spending may shift over time due to population growth, changes in policy and programs, and emerging problems to address. Adjusting for inflation, the Bureau of Ocean Energy Management’s federal spending has decreased from $401.4 million in 2010 to $170 million in 2024.

The Bureau of Ocean Energy Management’s federal spending in FY 2024 was lower than in FY 2010.

Yearly federal net spending by BOEM, adjusted for inflation (2024 dollars), FYs 2010–2024

Since 2010, the Bureau of Ocean Energy Management's spending has decreased 57.7%, while overall spending has increased 36%.
As a percentage of the overall federal budget, a positive number means agency net spending made up some positive share of total federal spending; a negative number means that net generated funds offset a portion of total spending. BOEM spending grew less than overall federal spending since 2010, which means that its share of the federal budget decreased. In 2024, BOEM accounted for 0.0025% of overall federal spending.

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Major legislation, internal or global economic conditions, and acute events like the COVID-19 pandemic can affect spending year to year. For example, the federal budget fluctuated during the pandemic, rising from $5.3 trillion (in 2023 dollars) in 2019 to $7.7 trillion in 2020 and $7.8 trillion in 2021.

The Bureau of Ocean Energy Management’s share of federal spending in FY 2024 was lower than in FY 2010.

Net spending by BOEM as a share of federal spending, FYs 2010–2024

Most federal spending can be categorized as direct or indirect. Direct spending refers to money the federal government spends on budget items such as federal programs, employee salaries, and debt interest. Indirect spending refers to federal transfers to state and local governments.
In FY 2024, all of the Bureau of Ocean Energy Management's spending was direct.
The chart below outlines all net BOEM spending.

How did the Bureau of Ocean Energy Management spend its budget in 2024?

Federal government net spending isolated to BOEM, FY 2024

Who leads the Bureau of Ocean Energy Management?

The Bureau of Ocean Energy Management (BOEM) is led by a Director. This individual is appointed by the president of the United States and does not require Senate confirmation. The BOEM director reports to the Assistant Secretary of Land and Minerals Management. There is no fixed term for this position.

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Methodology

USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.

Page sources

USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.

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