Sentiment in the US offshore oil and gas industry is “generally upbeat” heading into the nation's next Gulf of Mexico lease sale, according to trade group National Ocean Industries Association (NOIA).On Wednesday in New Orleans, the Bureau of Ocean Energy Management (BOEM) will offer 77…
Oil and gas Lease Sale 252 generated $244.3 million in high bids for 227 tracts covering 1,261,133.85 acres in federal waters of the Gulf of Mexico (GoM). According to Bureau of Ocean Energy Management data, that’s still way below the $405 million…
The Trump administration will hold its fourth major auction for oil and gas leases in the U.S. Gulf of Mexico on Wednesday, in a fresh test of demand from drillers that have lately been shying away from the region.The outcome of the lease sale…
The U.S. Bureau of Ocean Energy Management (BOEM) has proposed a Gulf of Mexico lease sale for August 2019, Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and BOEM Acting Director Walter Cruickshank announced Tuesday…
The U.S. Bureau of Ocean Energy Management (BOEM) said it will offer all available unleased areas in federal waters of the Gulf of Mexico during a region-wide lease sale scheduled for March 2019.BOEM said Lease Sale 252 will offer up 78 million acres…
US Secretary of the Interior Ryan Zinke unveiled a draft proposed program (DPP) for offshore oil and gas leasing for 2019-2024 will make available over 90% of US Outer Continental Shelf (OCS) acreage, and more than 98% of undiscovered, technically…
The US Department of the Interior (DOI) has released details about proposed Lease Sale 250, which would offer 76.9 million acres in federal waters offshore Texas, Louisiana, Mississippi, Alabama, and Florida. The sale, scheduled for March 2018…
The US Bureau of Ocean Management's (BOEM) Lease Sale 249 brought in high bids of US$121 million from 27 companies with a total of 99 bids earlier today (16 August). Image from BOEM Facebook. A total of 90 blocks were offered…
Some 75.9 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida are to be offered for oil and gas exploration and development, US Secretary of the Interior Ryan Zinke announced. Image from BOEM…
The Bureau of Ocean Energy Management (BOEM) completed its required evaluation to ensure the public receives fair market value for tracts leased in Central Gulf of Mexico Oil and Gas Lease Sale 247, held on March 22 of this year. The…
Hilcorp Alaska was the sole bidder in Cook Inlet Lease Sale 244, the first lease sale held in Alaskan federal waters since 2008. Map from BOEM. A unit of Hilcorp Energy Co., Hilcorp…
The Bureau of Ocean Energy Management (BOEM) says it will offer about 1.09 million acres in the Cook Inlet, offshore Alaska’s south central coast in a lease sale scheduled for next month. Map of the 224 areas included in the Cook Inlet Lease Sale 244…
The Alaska Department of Natural Resources, Division of Oil and Gas has opened its Alaska Peninsula Areawide 2017 (APA 2017) and the Cook Inlet Areawide 2017W (CIA 2017W) oil and gas lease sales. The Alaska Peninsula Areawide lease sale covers about 4 million gross onshore acres and 1…
The latest Gulf of Mexico lease sale had 28 companies vying for 163 tracts in a total of 913,542 acres in the Central Planning Area of the Outer Continental Shelf (OCS), bringing in nearly US$275 million in high bids. Image from BOEM Twitter…
The US Department of the Interior (DOI) announced its first lease sale under the Trump Administration’s new Outer Continental Shelf Oil and Gas Leasing Program for 2017-2022 (Five Year Program), offering 73 million acres in the Gulf of Mexico (GoM) this summer…
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