Gulf
BOEM

U.S. Interior has announced region-wide oil and gas lease sale Gulf of Mexico

WASHINGTON – In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and Bureau of Ocean Energy Management Acting Director Walter Cruickshank have announced that BOEM will offer 78 million acres for a region-wide lease sale scheduled for March 2019. The sale would include all available unleased areas in federal waters of the Gulf of Mexico.

Lease Sale 252, scheduled to be livestreamed from New Orleans, will be the fourth offshore sale under the 2017-2022 National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program). Under this program, 10 region-wide lease sales are scheduled for the GoM, where resource potential and industry interest are high, and oil and gas infrastructure is well established. Two Gulf lease sales will be held each year and include all available blocks in the combined Western, Central, and Eastern Gulf of Mexico Planning Areas.

“The development of our abundant offshore resources is a major pillar of this administration’s energy strategy,” said Assistant Secretary Balash. “America benefits from domestic energy production, which provides money for our Treasury, thousands of well-paying jobs, affordable and reliable energy to heat our homes, fuel our cars, and power our economy."

Lease Sale 252 will include approximately 14,696 unleased blocks, located from three to 231 mi offshore, in the Gulf’s Western, Central and Eastern planning areas in water depths ranging from nine to more than 11,115 ft (three to 3,400 m). The following areas are excluded from the lease sale: blocks subject to the congressional moratorium established by the Gulf of Mexico Energy Security Act of 2006; blocks adjacent to or beyond the U.S. Exclusive Economic Zone in the area known as the northern portion of the Eastern Gap; and whole blocks and partial blocks within the current boundaries of the Flower Garden Banks National Marine Sanctuary.

Read full article . . .