Wednesday,
August 21
August 21
BOEM Gulf of Mexico Oil and Gas Lease Sale
The Bureau of Ocean Energy Management will open and publicly announce bids received for 77.8 million acres of unleased areas in federal waters of the Gulf of Mexico for oil and gas extraction. Lease Sale 253 will be the fifth offshore sale under the 2017-2022 Outer Continental Shelf (OCS) Oil and Gas Leasing Program. The Gulf of Mexico OCS, covering about 160 million acres, is estimated to contain about 48 billion barrels of undiscovered technically recoverable oil and 141 trillion cubic feet of undiscovered technically recoverable gas.