than 1 year after the date of enactment of the 
CORE Act of 2025, and subsequent assessments not 
less frequently than once every 10 years thereafter. 
‘‘(2) UPDATES AND REPORTS.— 
‘‘(A) IN GENERAL.—Not later than 1 year 
after the date on which the Secretary conducts 
an assessment under paragraph (1), the Sec-
retary of the Interior shall, based on such as-
sessment— 
‘‘(i) update the models described in 
such paragraph and publish a report on 
such update; or 
‘‘(ii) publish a report on why an up-
date to such models is not necessary. 
‘‘(B) INCLUSIONS.—Each report published 
under subparagraph (A) shall include the fol-
lowing: 
‘‘(i) A clear, detailed explanation of 
any updates made to the models described 
in paragraph (1) or why updates were not 
necessary. 
‘‘(ii) An evaluation describing how any 
updates made under subparagraph (A) im-
prove the accuracy, cost-effectiveness, and 
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reliability of the inventories and analyses 
conducted under subsection (a). 
‘‘(iii) If any updates recommend by 
the National Petroleum Council, the Soci-
ety of Petroleum Engineers, or the United 
States Association for Energy Economics 
are not incorporated, a detailed expla-
nation of why such updates were not incor-
porated.’’; and 
(4) in subsection (d) (as so redesignated)— 
(A) by striking ‘‘The Secretary shall sub-
mit’’ and inserting ‘‘Not later than 1 year after 
the date of enactment of the CORE Act of 
2025, the Secretary shall submit’’; and 
(B) by striking ‘‘, within 6 months of the 
date of enactment of the section’’. 
SEC. 3. COMPARATIVE ANALYSIS OF PRODUCTION PRAC-
TICES FROM OFFSHORE PRODUCING COUN-
TRY. 
Not later than 1 year after the date of enactment 
of this Act, and not less frequently than once every 10 
years thereafter, the Secretary of the Interior, in consulta-
tion with the Secretary of State and the Secretary of En-
ergy, shall publish on the website of the Department of 
the Interior and submit to the Committee on Natural Re-
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sources of the House of Representatives and the Com-
mittee on Energy and Natural Resources of the Senate 
a comparative analysis of the offshore oil and gas explo-
ration, development, and production practices for each 
major offshore producing country. To the fullest extent 
practicable, such comparative analysis shall include the 
following: 
(1) Data on— 
(A) the number of offshore acres offered 
for lease; 
(B) the frequency of lease auctions, sales, 
and lease issuances; and 
(C) lease structures, fiscal terms, and the 
competitive positioning of each major offshore 
producing country relative to United States 
leasing practices. 
(2) Detailed reporting on the volume of oil and 
gas produced (measured in barrels on an annual 
basis and cubic feet, respectively), including histor-
ical trends, production forecasts, and the influence 
of technological advancements on production effi-
ciency and recovery rates. 
(3) An accounting of regional market demands, 
export capabilities, and contributions to energy di-
versification strategies. 
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(4) An assessment, which shall be made in col-
laboration with the United States Geological Survey, 
of the volume of both undiscovered and discovered 
offshore oil and gas resources, including probabilistic 
estimates of resource volumes that consider geologi-
cal, technological, and market factors impacting ex-
ploration, development, and production. 
Æ 
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