November Sale Will Offer All Available Unleased Areas in the Western Gulf of Mexico, Only Latest in a Series of Recent Major Offshore Oil and Gas Sales
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale that will make more than 20 million offshore acres available, and represents all unleased areas in the Western Gulf of Mexico Planning Area.
The Western Gulf of Mexico Lease Sale builds on two major Gulf of Mexico lease sales in the past year alone, a 21 million acre sale held last December and a 39 million acre sale held in June.“At President Obama’s direction, his Administration continues to implement a comprehensive, all-of-the-above energy strategy, expanding domestic production, reducing our dependence on foreign oil, and supporting jobs,” said Interior Secretary Ken Salazar. “Developing public energy resources in the Gulf of Mexico continues to generate much needed revenue for local communities while helping to power our nation and fuel our economy.”
During tomorrow’s sale, BOEM will open 131 bids submitted by 13 companies on 116 offshore blocks.
The Final Notice of Sale information package is available at: http://www.boem.gov/Sale-229/.