Oil And Gas Lease Sale

BOEM Oil and Gas Lease Sale: 48m Acres

The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced the bureau will offer more than 48 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development, in a lease sale that will include all available unleased areas in the Central Planning Area (CPA). “As one of the most productive basins in the world, the Gulf of Mexico remains an important component of our domestic energy strategy to create jobs, foster economic opportunities, and reduce America’s dependence on foreign oil,” Hopper said. “The exploration

BOEM Awards Leases in Western Gulf of Mexico

The Bureau of Ocean Energy Management completed its required evaluation to ensure that the public receives fair market value for tracts leased as part of Western Gulf of Mexico Oil and Gas Lease Sale 246. The sale was held on August 19, 2015. After extensive economic analysis, BOEM has awarded leases on all 33 tracts receiving bids covering 190,000 acres to successful high bidders who participated in the sale, which made 4,083 unleased blocks covering nearly 22 million acres available offshore Texas. The accepted high bids are valued at $22,675,212. The highest bid accepted was $2,802,003

BOEM Issues a Notice of Intent to Prepare EIS

As part of its five-year Outer Continental Shelf Oil and Gas Leasing Program: 2012-2017, BOEM informs it intends to prepare a supplemental environmental impact statement (EIS) for this Program's last proposed Outer Continental Shelf (OCS) oil and gas lease sale in the Central Planning Area (CPA) of the Gulf of Mexico. Proposed CPA Lease Sale 247 is tentatively scheduled to be held in 2017. BOEM proposes to offer for oil and gas leasing approximately 46 million acres in the CPA, with the exception of the whole and portions of blocks deferred by the Gulf of Mexico Security Act of 2006 and the blocks

Offshore O&G Lease Sale: Continued Interest in Deepwater

The Bureau of Ocean Energy Management (BOEM) completed its required evaluation of bids to ensure that the public receives fair market value for tracts leased as part of the Gulf of Mexico Central Planning Area Oil and Gas Lease Sale 235. The sale held on March 18, 2015, made 7,788 unleased blocks covering about 41.2 million acres offshore Louisiana, Mississippi and Alabama available for lease. After extensive economic analysis, BOEM awarded 161 leases on tracts covering 923,711 acres to the successful high bidders who participated in the sale. The accepted high bids are valued at $533,090,640.

US to Hold Offshore O&G Lease Sale

U.S. Secretary of the Interior Sally Jewell will travel to New Orleans on Wednesday, March 18, 2015 to attend and open bids at an oil and gas lease sale offering 41.2 million acres for exploration and development in the Central Planning Area offshore Louisiana, Mississippi and Alabama. The results of the sale will be announced later in the morning during a media teleconference with Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper and Regional Director John Rodi. BOEM estimates the sale could result in the production of 460 to 890 million barrels of oil, and 1.

BOEM to Open Bids for Gulf of Mexico Lease Sale

. Media wishing to participate in the teleconference only should call 1-888-469-1174 by 10 a.m. CDT and provide the passcode GULF SALE. National Ocean Industries Association (NOIA) President Randall Luthi issued the following statement in advance of tomorrow’s Gulf of Mexico offshore oil and gas lease sale: “U.S. oil and natural gas companies remain committed to the Gulf of Mexico even as 85 percent of federal offshore waters remain closed to exploration. We look forward to tomorrow’s sale, but don’t anticipate any huge surprises in terms of number or size of bids. The Western

BOEM Proposes Eastern Gulf of Mexico Lease Sale

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) today announced that it will hold Gulf of Mexico Eastern Planning Area oil and gas lease sale 225 in New Orleans on March 19, 2014, immediately following the proposed Central Planning Area (CPA) Sale 231. Proposed Sale 225 is the first lease sale proposed for the Eastern Planning Area under the 2012 – 2017 Outer Continental Shelf Oil and Natural Gas Leasing Program, and the first sale offering acreage in that

BOEM Proposes Central Gulf of Mexico Lease Sale

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) today announced that it will hold Gulf of Mexico Central Planning Area (CPA) oil and gas lease sale 231 in New Orleans on March 19, 2014. The sale is the second CPA lease sale and the fourth overall sale under the 2012 – 2017 Outer Continental Shelf Oil and Natural Gas Leasing Program. The auction will offer 39 million acres offshore Louisiana, Mississippi, and Alabama, include all available unleased areas in

Gulf of Mexico Lease Sale Yields $102.4 Million in High Bids

Sale builds on the first two auctions in the current Five Year Program – a 39-million-acre Central Gulf offering held in March, which netted almost $1.2 billion high bids and a 20-million-acre Western Gulf offering held last November that netted nearly $134 million. “This offshore oil and gas lease sale supports continued growth in safe and responsible domestic oil and gas production,” said Acting Assistant Secretary for Land and Minerals Management and BOEM Director Tommy P. Beaudreau. “Over the past fourteen months, the offshore oil and gas industry has invested well over $3