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Gulf of Mexico Auction Draws Most High Bids in Years as E&Ps Step Up Competition

Gulf of Mexico Auction Draws Most High Bids in Years as E&Ps Step Up Competition

Interest in the final oil and natural gas auction in the Gulf of Mexico for the year – and potentially the only one until 2025 – was strong on Wednesday, with the highest bid total since 2015. Following a series of delays because of lawsuits, the Interior Department’s Bureau of Ocean Energy Management (BOEM) held…

December 21, 2023
With Energy Industry Win, Next GOM Oil and Natural Gas Auction Set for December

With Energy Industry Win, Next GOM Oil and Natural Gas Auction Set for December

The on-again, off-again federal auction of oil and natural gas tracts in the Gulf of Mexico (GOM) is on again following a court order mandating the sale be held next month. The Bureau of Ocean Energy Management (BOEM) has rescheduled Lease Sale 261 for Dec. 20 after the U.S. Court of Appeals for the Fifth…

November 27, 2023
BOEM Postpones Offshore Oil and Gas Lease Sale 261 Amid Tussle over Rice’s Whale Impacts

BOEM Postpones Offshore Oil and Gas Lease Sale 261 Amid Tussle over Rice’s Whale Impacts

The Bureau of Ocean Energy Management (BOEM) has postponed an offshore oil and natural gas lease sale previously scheduled for Wednesday (Sept. 27), but the sale must occur by Nov. 8, following a federal court order. The order issued Monday by the U.S. Court of Appeals for the Fifth Circuit marks the latest development in…

September 27, 2023
Federal Court Reinstates Six Million Acres Slashed from Upcoming GOM Natural Gas, Oil Auction

Federal Court Reinstates Six Million Acres Slashed from Upcoming GOM Natural Gas, Oil Auction

An offshore oil and gas lease sale scheduled for Wednesday (Sept. 27) in the Gulf of Mexico’s (GOM) Outer Continental Shelf (OCS) must proceed as originally planned with all 73 million acres on offer, following a preliminary injunction granted by the U.S. District Court for the Western District of Louisiana. The Department of the Interior’s…

September 25, 2023
Oil, Natural Gas Lease Sales Proposed for Nevada and Utah

Oil, Natural Gas Lease Sales Proposed for Nevada and Utah

The Bureau of Land Management (BLM) has begun a one-month scoping process to take comments on potential oil and natural gas lease sales across parts of Nevada and Utah. The Interior Department agency is reviewing potential auctions for up to 35 parcels in Nevada totaling 63,604 acres and 18 parcels in Utah totaling 31,808 acres.…

November 23, 2022
GOM’s Proposed Offshore Wind Projects Showcase Growth in Traditional Natural Gas, Oil Basin

GOM’s Proposed Offshore Wind Projects Showcase Growth in Traditional Natural Gas, Oil Basin

The Department of Interior’s (DOI) Bureau of Ocean Energy Management (BOEM) has identified two sites in the Gulf of Mexico (GOM) that could support offshore wind development in an area that has long been one of the major natural gas and oil breadbaskets.  The largest of the two proposed wind energy areas (WEA) spans 546,645…

July 25, 2022

Offshore Regulators Looking to Boost Drilling in GOM’s Natural Gas-Rich Shallow Waters

The shallow waters of the Gulf of Mexico (GOM) should be defined as a “distinct province” to avoid stranding substantial oil and natural gas resources, according to new research by the Department of Interior’s offshore regulators.

November 21, 2019

BOEM ‘Systematically Underestimates’ Value of Offshore Oil, Gas Leases, Says GAO

The federal Bureau of Ocean Energy Management (BOEM) “systematically underestimates the value of offshore oil and gas leases, resulting in the government collecting hundreds of millions of dollars less than it could otherwise,” according to the Government Accountability Office (GAO).

October 25, 2019
Interior’s GOM Auction in August to Offer 14,500-Plus Leases

Interior’s GOM Auction in August to Offer 14,500-Plus Leases

The Interior Department will try once again in August to see if its strategy of offering every available unleased area in the Gulf of Mexico (GOM) to oil and gas operators is viable.

July 19, 2019

BOEM’s August Auction Again Offering Every Available Area in GOM for Oil, Gas Leasing

The Bureau of Ocean Energy Management (BOEM) is preparing a lease sale for August that again would provide region-wide access to oil and natural gas producers across an estimated 78 million acres.

March 14, 2019
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