Bids Received, Western GOM Lease Sale
The bids are in for Western Gulf of Mexico Federal Oil and Gas Lease Sale 210 to be held August 19. The U.S. Department of the Interior's Minerals Management Service (MMS) Gulf of Mexico Region announced that 189 bids were received from 26 companies on 162 tracts offered offshore Texas. “This sale is an important part of a balanced domestic energy plan that includes development of offshore renewable energy resources as well as oil and gas,” said MMS Director Liz Birnbaum. Reading of the sealed bids will take place August 19, beginning at 9:00 a.m. in the Grand Ballroom of the Royal Sonesta Hotel, 300 Bourbon Street, New Orleans. The sales will be Webcast through the Offshore Oil Scouts Association at www.oosa.com. Real Player will need to be installed in order to run the Webcast.
Birnbaum Hosts Western GOM Lease Sale 210
The Director of Minerals Management Service, Liz Birnbaum, will host Western Gulf of Mexico Lease Sale 210 in New Orleans on August 19. She will open the Federal oil and gas lease sale at 9:00 a.m. CDT at the Royal Sonesta Hotel with brief remarks. Immediately following the bid reading, she will hold a media availability to discuss the results of the sale. The sale, held by the U.S. Department of the Interior’s Minerals Management Service (MMS), encompasses 3,435 unleased blocks covering approximately 18.4 million acres in the Western GOM Outer Continental Shelf Planning Area offshore Texas. The blocks are located in Federal waters from nine to more than 250 miles offshore, in water depths of 16 feet (5 meters) to more than 10,978 feet (3,346 meters).
Final Notice of Western Gulf Lease Sale 210
The Minerals Management Service (MMS) plans to hold the next federal offshore oil and gas lease sale for the Gulf of Mexico on August 19, 2009 at the Royal Sonesta Hotel in downtown New Orleans. The Final Notice of Sale (FNOS) for Western Gulf of Mexico Lease Sale 210 will be published in the Federal Register July 17th. Sale 210 encompasses about 3,400 unleased blocks covering approximately 18 million acres in the Western Gulf of Mexico Planning Area offshore Texas. The blocks are located from 9 to about 250 miles offshore in water depths of 16 to more than 10,978 feet (4 to 3,346 meters). MMS estimates the proposed lease sale could result in the production of 242 to 423 million barrels of oil and 1.64 to 2.64 trillion cubic feet of natural gas.
