Volume 53| April 4, 2018
Currently, 18% of the nation’s oil and 4% of the nation’s natural gas produced in the USA comes from the OCS. More than 98 percent of offshore oil and gas produced in the U.S. Outer Continental Shelf comes from the Gulf of Mexico’s nearly 2000 platforms.
Lease Sale 250 yields more than $124 million in high bids
Via Offshore Magazine

NEW ORLEANS  – The Bureau of Ocean Energy Management has reported that  Lease Sale 250  garnered $124,763,581 in high bids for 148 tracts covering 815,403 acres in the  Gulf of Mexico ’s Western, Central, and Eastern planning areas.

Thirty-three companies submitted 159 bids that
totaled $139,122,383.

BOEM announces date for Gulf of Mexico
Lease Sale 251
Via World Oil

WASHINGTON -- In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Department of Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank announced that the Department will offer 77.3 million acres  offshore  Texas, Louisiana, Mississippi, Alabama and Florida for oil and gas exploration and development. The region-wide lease sale scheduled for Aug. 15, 2018, would include all available unleased areas in federal waters of the Gulf of Mexico.
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