BOEM proposes Gulf of Mexico oil and gas lease sale
Oct. 20, 2014
The Bureau of Ocean Energy Management (BOEM) will offer 40 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in a sale that will include all available unleased areas in the Central Gulf of Mexico Planning Area.
Offshore staff
WASHINGTON, DC – The Bureau of Ocean Energy Management (BOEM) will offer 40 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in a sale that will include all available unleased areas in the Central Gulf of Mexico Planning Area.
Proposed Central Gulf of Mexico Lease Sale 235, scheduled to take place in New Orleans, in March 2015, will be the seventh offshore sale under the Obama Administration’s Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five-Year Program). This sale builds on the first six sales in the current Five-Year Program, which have offered more than 60 million acres and netted $2.4 billion for American taxpayers.
Sale 235 will include 7,611 blocks, covering 40.5 million acres, located from 3 to 230 nautical miles offshore, in water depths ranging from 9 ft (3 m) to more than 11,000 ft (3,400 m). BOEM plans to offer blocks located, or partially located, within the three-statute-mile US-Mexico Boundary Area, subject to the terms of theUS-Mexico Transboundary Hydrocarbon Agreement.
