Vast Offshore Acres Available at BOEM GofM Sale

The bids are in for the Bureau of Ocean Energy Management’s (BOEM) oil and gas lease sale, New Orleans, Louisiana, March 20, 2013.

Lease Sale 227 offered nearly 39 million unleased offshore acres in the Central Gulf of Mexico Planning Area. BOEM received 407 bids submitted by 47 companies on 320 offshore blocks.
 
This sale encompasses 7,299 blocks and covers roughly 38.6 million acres, located from three to about 230 nautical miles offshore, in water depths ranging from nine to more than 11,115 feet (three to 3,400 meters). BOEM estimates the lease sale could result in the production of 0.46 billion to 0.89 billion barrels of oil, and 1.9 trillion cubic feet to 3.9 trillion cubic feet of natural gas.
 
The Final Notice of Sale details the lease terms and conditions, as well as all the environmental stipulations for this sale and is available here.

Secretary of the Interior Ken Salazar, Acting Assistant Secretary for Land and Minerals Management and BOEM Director Tommy Beaudreau, with
BOEM Gulf of Mexico Regional Director John Rodi, will be present at the sale Wednesday, March 20, 2013
, 9:00 a.m. CDT / 10:00 a.m. EDT at the Mercedes-Benz Superdome 
St. Charles Club Room, 2nd floor
1500 Sugarbowl Drive,
(park Garage 6, enter Gate A)  
New Orleans, Louisiana