38 Million Central Gulf Acres To Be Auctioned Off

The central planning area of the U.S. Gulf of Mexico. Image: BOEM

*+-Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced Monday that 38 million unleased acres in the Central Gulf of Mexico will be auctioned off for oil and gas exploration and development in the United States’  latest lease sale. The sale builds on two major Gulf of […]

U.S. Finalizes Five Year Oil and Gas Leasing Plan

Yellow's a go, blue's a no.

*+-WASHINGTON–The U.S. Interior Department Thursday finalized plans to lease new tracts in the Gulf of Mexico and off the Alaska coast for offshore oil and natural-gas exploration in a move that fell short of industry hopes but also irked environmentalists. The five-year plan, which generally follows a proposal made late last year, outlines the government’s […]

38 Million Acres Up For Grabs in Latest (and Last) GoM Lease Sale

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*+-NEW ORLEANS — The Obama administration today announced that the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) will hold the consolidated Central Gulf of Mexico Lease Sale 216/222 in New Orleans on June 20, 2012. The sale will include all available unleased areas in the Central Planning Area offshore Louisiana, Mississippi and […]

Return to The Gulf: Oil Companies Scramble for Leases

The Deepwater Horizon

*+-NEW ORLEANS (Dow Jones)–The U.S. oil-and-gas industry took another step out from the shadows of the Deepwater Horizon disaster on Wednesday when federal officials unsealed the first bids for drilling leases in the Gulf of Mexico since the deadly April 2010 accident. Some 21 million acres of federal waters–an area roughly the size of South […]

Conoco Offers Highest Bid In Gulf of Mexico Lease Sale

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*+-  HOUSTON (Dow Jones)–ConocoPhillips’s (COP) $103.2 million offer for the Keathley Canyon Block 95 was the highest bid in the first U.S. Gulf of Mexico lease sale since last year’s Deepwater Horizon oil spill. ConocoPhillips’s bid was higher than offers made for the same block by six other companies, including BP PLC (BP), Royal Dutch […]