In a meeting late last week, the Interior Department’s Outer Continental Shelf Policy Committee took on an environmental flavor by urging that in order to open up offshore moratoria areas for limited drilling, “congressional funding” for the appropriate environmental studies and monitoring will be necessary.
Shelf
Articles from Shelf
MMS GOM Sale Generates 780 Bids on 547 Tracts
The Minerals Management Service’s Gulf of Mexico OuterContinental Shelf Region sale today has generated more interestthan a similar one held last year. MMS has received 780 bids on 547tracts offered in the Central GOM Lease Sale 178, Part 1. Lastyear’s Central Gulf Sale 175 generated 469 bids on 344 tracts andattracted $300,567,675 in high bids.
MMS Seeks Comments on 5-Year Plan
The Minerals Management Service (MMS) is starting to prepare fora new five-year Outer Continental Shelf oil and gas leasing programto run from 2002-2007. The agency has asked for input frominterested and affected parties.
Blanket Waiver for OCS Buy-Sell Deals Draws Fire
Producers and marketers denounced a recent request togenerically exclude Outer Continental Shelf (OCS) pipelines fromFERC’s ban on “buy-sell” transactions. They contend Williams EnergyMarketing & Trading’s bid for such a waiver is just abackhanded attempt to gain light-handed regulation on the OCS.
Waiver for OCS Buy-Sell Deals Draws Fire
Producers and marketers denounced a recent request togenerically exclude Outer Continental Shelf (OCS) pipelines fromFERC’s ban on “buy-sell” transactions. They contend Williams EnergyMarketing & Trading’s bid for such a waiver is just anotherback-handed attempt to attain light-handed regulation in the OCS.
New MMS RIK Program Set for Spring
The Department of the Interior’s Minerals Management Service(MMS) announced a continuation of the Outer Continental Shelfroyalty-in-kind (RIK) pilot program last week and has doubled theamount of gas previously offered. Nearly 500 MMcf/d of productionwill go on sale this spring, the MMS said. Details for the sale arestill being finalized.
New MMS RIK Program Set for Spring
The Department of the Interior’s Mineral Management Service(MMS) announced a continuation of the Outer Continental Shelfportion of its royalty-in-kind (RIK) pilot program Tuesday and hasdoubled the amount of gas previously offered. The nearly 500 MMcf/dof production will go on sale this spring, the MMS said. Detailsfor the sale are still being finalized.