Thirty-two companies participated in the first U.S. offshore natural gas and oil auction in almost two years on Wednesday, with producers vying for several deepwater blocks. ExxonMobil also bolted on more shallow water tracts, signaling that a $10 billion carbon capture project may be proceeding.Gulf of Mexico (GOM) Lease Sale 259 bids encompassed high bids…
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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.…
Shell, TotalEnergies, Engie Among High Bidders in New York Bight Offshore Wind Auction
The Department of Interior announced last week the winning companies of the New York Bight offshore wind lease sale, with Bight Wind Holdings LLC, a joint venture (JV) between RWE Renewables and National Grid, securing the largest lease with a $1.1 billion bid. The Bight, sandwiched between the coast of Long Island and New Jersey,…
Biden Administration Begrudgingly Agrees to Resume Oil, Natural Gas Lease Sales on Federal Property
The Biden administration said it would resume oil and gas lease sales on federal lands and waters in order to comply with a court ruling. However, the U.S. Department of the Interior (DOI) said late Monday it is simultaneously appealing the Louisiana-based court’s decision, and if it wins on appeal, it could again suspend leasing…
Interior Halting Oil and Gas Leases on Federal Lands, Offshore Through June
The U.S. Interior Department ceased new oil and gas lease sales on federal lands and offshore through at least June as officials this week extended a review of the program’s impact on climate change. Interior’s Bureau of Land Management (BLM) said it is “exercising its discretion to not hold lease sales” through the second quarter.…
Equinor, Repsol Offer $12M for Walker Ridge Deepwater Block in Final GOM Lease Sale of Year
The long prospective Walker Ridge in the deepwater Gulf of Mexico (GOM) drew a bid of nearly $12 million on Wednesday in the final federal oil and gas auction of the year. The bid of $11,999,979 for Walker Ridge Block 365 was made jointly by Repsol E&P USA Inc. and Equinor Gulf of Mexico LLC,…
Trump Administration Moves to Auction Alaska ANWR for Oil, Natural Gas Development
The Trump administration on Monday began a formal push that possibly could allow oil and natural gas leases to be auctioned in Alaska’s pristine Arctic National Wildlife Refuge (ANWR) before Joseph R. Biden Jr. is sworn into office in January. According to a preliminary notice in the Federal Register to be published on Tuesday, the…
BLM’s Utah Auction in March to Offer 25 Oil, Gas Leasing Parcels
The Bureau of Land Management (BLM) said Tuesday it is seeking public comment for a proposed quarterly oil and gas lease sale in March for Utah’s Green River District.
New Mexico Nets $5.4M of Oil, Gas Lease Revenue
Riding the Permian Basin boom, New Mexico took in another $5.4 million from oil and natural gas lease sales on state lands, bringing its fiscal year (FY) 2018 total to more than $102 million, Land Commissioner Aubrey Dunn reported this week.
Briefs — Utah Lease Sale
An oil and natural gas lease sale conducted by the Bureau of Land Management (BLM) Utah office received bids on 53,763 acres of nearly 93,946 acres offered, drawing total estimated receipts of $5.95 million. BLM sold 49 of 74 parcels offered in the Green River District. Fort Worth, TX-based Lonesome Oil and Gas LLC submitted the high per-acre bid at $2,021 and the highest total bid at $2.88 million.