More than 48 million acres offshore Alabama, Louisiana and Mississippi will be offered for oil and natural gas exploration and development in the next federal lease sale scheduled for March, the Bureau of Ocean Energy Management said Thursday.
Articles from Bids
Prices, not protesters, were blamed for low turnout by industry Wednesday at the Bureau of Ocean Energy Management’s two Gulf of Mexico oil and natural gas lease sales.
The U.S. Bureau of Land Management (BLM) office in Reno, NV, held an oil/natural gas lease sale involving more than 50,000 acres in two northern counties on Tuesday, and the market spoke loud and clear above the chanting of protesters from the national “Keep It in the Ground” campaign that wants to end leasing on public and tribal lands.
The Iowa Utility Board(IUB) said Monday it will decide Thursday on a proposal by Energy Transfer Partners LP(ETP) to build the $3.8 billion, 1,154-mile Dakota Access LLCoil pipeline from the Bakken Shale in North Dakota to a hub in Illinois (see Shale Daily,March 3). IUB members will review a draft order from their staff during closed deliberations leading up to Thursday afternoon’s public session. Regulators in North and South Dakota, and in Illinois, already have approved the line, so the IUB action is the last major hurdle for the ETP project that bids to eventually transport volumes approaching half of North Dakota’s current 1 million b/d daily output of Bakken crude.
McClendon Claims Innocence in DOJ Charge for ‘Masterminding’ Conspiracy to Buy Oklahoma Oil/Gas Leases
Aubrey McClendon, 56, the former chief and co-founder of Chesapeake Energy Corp., was killed Wednesday in a single-car crash, authorities said.
The Bureau of Land Management’s (BLM) Utah office in Salt Lake City said the results of its latest quarterly oil and natural gas lease sale showed significantly lower proceeds and activity than a year earlier.Separately, a previously scheduled auction in August has been canceled to combine with one planned in November.
The total of high bids in the latest northern Alaska oil and gas lease sales — $59.7 million — is the third-highest amount received in state history, according to officials. Competition for tracts was high, they said following the sales on Wednesday.
More than 40 million acres in the Gulf of Mexico (GOM), with oil and natural gas leaseholds offered in the Central and Eastern planning areas, are going to be auctioned on March 19 in New Orleans, said the U.S. Department of Interior.
A total of 92 bids were entered in a pair of North Slope oil and gas lease sales in Anchorage Wednesday and the state netted $5.6 million, the Alaska Department of Natural Resources (DNR) said.
The Western Gulf of Mexico (GOM) Lease Sale 233, which offered for bid 20.7 million acres offshore Texas, yielded fewer offers and lower total high bids than in the past, with 12 operators making 61 offers for 53 blocks that covered just more than 300,000 acres, Bureau of Ocean Energy Management (BOEM) officials said Wednesday.