Swordsmyth
07-18-2019, 07:21 PM
The U.S. Secretary of the Interior David Bernhardt and Bureau of Ocean Energy Management (BOEM) announced Thursday that BOEM proposes to offer 77.8 million acres for a region-wide lease sale. The sale is scheduled for August 21, 2019, and would include all available unleased areas in federal waters of the Gulf of Mexico.
“The Trump administration is laser focused on developing our domestic offshore oil and gas resources in an environmentally conscious manner, and the Gulf of Mexico is front and center for that development,” said Secretary Bernhardt (https://www.doi.gov/pressreleases/interior-announces-region-wide-oil-and-gas-lease-sale-gulf-mexico-1). “The expansion of America’s energy sector has been a major economic driver for the American people in keeping energy prices low. Our work in the Gulf of Mexico to ensure America leads the world in energy production is paramount.”
Lease Sale 253 will include approximately 14,585 unleased blocks, located from three to 231 miles offshore, in the Gulf’s Western, Central and Eastern planning areas in water depths ranging from nine to more than 11,115 feet.
Terms include a 12.5% royalty rate for leases in less than 200m of water depth, and a royalty rate of 18.75% for all other leases.
More at: https://oilprice.com/Latest-Energy-News/World-News/Trump-Administration-Announces-Huge-Gulf-of-Mexico-Oil-Gas-Lease-Sale.html
“The Trump administration is laser focused on developing our domestic offshore oil and gas resources in an environmentally conscious manner, and the Gulf of Mexico is front and center for that development,” said Secretary Bernhardt (https://www.doi.gov/pressreleases/interior-announces-region-wide-oil-and-gas-lease-sale-gulf-mexico-1). “The expansion of America’s energy sector has been a major economic driver for the American people in keeping energy prices low. Our work in the Gulf of Mexico to ensure America leads the world in energy production is paramount.”
Lease Sale 253 will include approximately 14,585 unleased blocks, located from three to 231 miles offshore, in the Gulf’s Western, Central and Eastern planning areas in water depths ranging from nine to more than 11,115 feet.
Terms include a 12.5% royalty rate for leases in less than 200m of water depth, and a royalty rate of 18.75% for all other leases.
More at: https://oilprice.com/Latest-Energy-News/World-News/Trump-Administration-Announces-Huge-Gulf-of-Mexico-Oil-Gas-Lease-Sale.html