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Saturday, January 20, 2018

Mexico Lease News

Obama Administration Offers Over 20 Million Acres

Western Gulf of Mexico Lease Sale Yields $133.8 Million in High Bids on Over 652,520 Acres, Only Latest in a Series of Recent Major Offshore Oil and Gas Sales. As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Department of the Interior’s Bureau of Ocean Energy Management today held Western Gulf of Mexico Lease Sale 229, which offered over 20 millions acres and attracted $133,767,074 in high bids for 116 tracts covering 652,522 acres on the U.S. Outer Continental Shelf (OCS) offshore Texas. A total of 13 offshore energy companies submitted 131 bids.

Latest GOM Lease Sale Draws More Bids

Oil and gas companies, enjoying increased cashflow as a result of strong energy prices, submitted a higher number of bids in the latest Western Gulf of Mexico lease sale, the U.S. Minerals Management Service said. The sale drew 266 bids from 52 companies on 226 exploration blocks, up from 177 bids from 41 companies on 153 blocks in the previous Western Gulf of Mexico lease sale, held in August last year. A total of 3,789 blocks covering 20.6 million acres offshore Texas and Louisiana were offered in the latest lease sale. The blocks are at distances of nine to 200 miles offshore and water depths range from eight meters to more than 3,000 meters. Acreage in shallow water proved most popular, with bids received on 129 blocks in depths up to 200 meters.

BOEM Seeks Comments on Environmental Review

Public Hearings Scheduled to provide opportunities for public input. The Bureau of Ocean Energy Management has completed a draft Supplemental Environmental Impact Statement (SEIS), providing updated environmental and socioeconomic analysis to support two proposed lease sales in the Gulf of Mexico. Western Gulf of Mexico Lease Sale 233 is tentatively scheduled for 2013 in the Western Planning Area (WPA), offshore Texas; and Central Gulf of Mexico Lease Sale 231 is scheduled for 2014 in the Central Planning Area (CPA), offshore the states of Louisiana, Mississippi and Alabama. BOEM will hold public hearings to provide an opportunity for interested citizens and organizations to comment on the environmental impact statement. Comments will be used to prepare the final SEIS.

Offshore Lease Generates $115m

A sale of federal oil and natural gas leases for the Western Gulf of Mexico attracted $115,466,321 million in high bids, Secretary of the Interior Ken Salazar announced. To date this year, the department has offered 55 million acres of U.S. public land – onshore and offshore – for oil and gas development, generating more than $875m in revenues. “The responsible development of oil and gas resources on U.S. public lands is an integral part of President Obama’s comprehensive energy strategy for the nation,” Secretary Salazar said. Western Gulf of Mexico Oil and Gas Lease Sale 210, held in New Orleans by Interior’s Minerals Management Service, received 189 bids on 162 federal Outer Continental Shelf tracts from 27 companies. The sum of all bids received totaled $145,186,365.00.

Salazar to Open Western GOM Lease Sale 218

Department of the Interior Secretary Ken Salazar will open Western Gulf of Mexico Lease Sale 218 in New Orleans today at 9 a.m. CST at the Mercedes-Benz Superdome with brief remarks. The sale, held by the Bureau of Ocean Energy Management (BOEM), has attracted 241 bids submitted by 20 companies on 191 tracts offshore Texas, compared to 189 bids submitted by 27 companies on 162 tracts during the previous Western Gulf Lease sale in August 2009. Blocks are located in federal waters from nine to more than 250 miles offshore, in water depths of about 16 feet (five meters) to more than 10,975 feet (3,346 meters). BOEM estimates that this sale could result in production of approximately 222 to 423 million barrels of oil and 1.49 to 2.65 trillion cubic feet of natural gas.

Nearly 21 Million Acres for Sale in Gulf of Mexico

The Bureau of Ocean Energy Management (BOEM) announced final details for the Western Gulf of Mexico Lease Sale 233. The sale will take place on August 28 and will cover roughly 20.7 million acres million acres offshore Texas for oil and gas exploration and development. The bureau estimates the proposed lease sale could result in the production of 116 to 200 million barrels of oil and 538 to 938 billion cubic feet of natural gas. The sale offers 3,864 blocks, located from nine to 250 miles offshore, in water depths ranging from 16 to more than 10,975 feet (five to 3,346 meters). The sale, which will be held at the Mercedes-Benz Superdome in New Orleans, includes all available unleased or non-protected areas in the Western Gulf of Mexico Planning Area.

Obama Administration: More Than 20 Million Acres Offshore Texas for Bid

As part of President Obama’s all-of-the-above energy strategy, Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau released the final details for an oil and gas lease sale that will offer more than 20 million acres offshore and will make available all unleased areas in the Western Gulf of Mexico Planning Area. Western Gulf of Mexico Lease Sale 229, which will be held on November 28, 2012, in New Orleans, will build on two major Gulf of Mexico lease sales in the past year—a 21 million acre sale held last December and a 39 million acre sale held in June—and supports the Administration’s goal of continuing to increase domestic oil and gas production…

BOEM: 38 Million-Acre Oil &Gas Lease Sale in the Central GOM

Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will offer 38 million acres in the Central Gulf of Mexico for oil and gas exploration and development. Thesale will build on two major Gulf of Mexico lease sales in the last year – a 21 million acre sale held last December and a 39 million acre sale held in June. Proposed Lease Sale 227, scheduled to take place in New Orleans on March 20, 2013, will offer all unleased areas in the Central Gulf of Mexico Planning Area, offshore Louisiana, Mississippi, and Alabama and could lead to the production of up to nearly a billion barrels of oil and nearly 4 trillion cubic feet of natural gas.

MMS Opens Central GOM Lease Sale 213

The Director of Minerals Management Service, Liz Birnbaum, will participate in the Central Gulf of Mexico Lease Sale 213 in New Orleans on March 17. She will open the Federal oil and gas lease sale at 9 a.m. CDT at the Louisiana Superdome with brief remarks. 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 6,958 unleased blocks covering more than 36.9 million acres offshore Louisiana, Mississippi, and Alabama. Approximately 4.1 million unleased acres in the “181 South Area” are included in this sale, with Alabama, Mississippi, Louisiana, and Texas sharing in revenues from tracts leased in that area.

BOEM Completes Draft Environmental Review

Public Hearings scheduled for Central and Western Gulf of Mexico Lease Sales. The Bureau of Ocean Energy Management has completed a draft environmental impact statement regarding multiple oil and gas lease sales tentatively scheduled between 2012 and 2017 in the Western and Central Gulf of Mexico planning areas, offshore the states of Texas, Louisiana, Mississippi and Alabama. The proposed Outer Continental Shelf Oil and Gas Leasing Program: 2012-2017 schedules five annual area-wide lease sales in the Western Gulf and five in the Central Gulf. “The draft environmental impact statement evaluates baseline conditions and potential environmental effects of oil and natural gas leasing, exploration, development and production in the Western and Central Gulf,” said BOEM Director Tommy P.

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).

Western Gulf of Mexico: 21 Million Acres up for O&G Development

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will hold a lease sale tomorrow that will make nearly 21 million acres offshore Texas available for oil and natural gas exploration and development. BOEM estimates that Western Gulf of Mexico Lease Sale 233 could lead to the production of up to 200 million barrels of oil and 938 billion cubic feet of natural gas. During tomorrow’s lease sale, BOEM will open 61 bids submitted by 12 companies on 53 offshore blocks. “Safe and responsible development of the Gulf of Mexico’s vital energy resources will continue to help power our nation and drive our economy…

Salazar Announces Western Gulf Lease Sale

Secretary of the Interior Ken Salazar announced that the next federal oil and gas lease sale in the Gulf of Mexico will occur in New Orleans on August 18, 2010. The Secretary made the Western Gulf of Mexico Lease Sale 215 announcement during a tour of Superior Energy Services. The available blocks in Sale 215 are located from 9 to about 250 miles offshore in water depths of 16 to more than 10,975 feet (5 to 3,346 meters). The Department of the Interior’s Minerals Management Service (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.

Gulf of Mexico Lease Sale Yields $102.4 Million in High Bids

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Department of the Interior’s Bureau of Ocean Energy Management today held Western Gulf of Mexico Lease Sale 233, which offered 20.7 million acres and attracted $102,351,712 in high bids for 53 tracts covering 301,006 acres on the U.S. Outer Continental Shelf (OCS) offshore Texas. A total of 12 offshore energy companies submitted 61 bids. The Western Gulf of Mexico Lease Sale builds on the first two auctions in the current Five Year Program – a 39-million-acre Central Gulf offering held in March, which netted almost $1.2 billion high bids and a 20-million-acre Western Gulf offering held last November that netted nearly $134 million.

BOEM Proposes O&G Lease Sale in Gulf of Mexico

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank today announced that the bureau will offer 40 million acres offshore Louisiana, Mississippi and Alabama for oil and gas exploration and development in a sale that will include all available unleased areas in the Central Gulf of Mexico Planning Area. Proposed Central Gulf of Mexico Lease Sale 235, scheduled to take place in New Orleans, Louisiana, in March of 2015, will be the seventh offshore sale under the Administration’s Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five Year Program).

Offshore Energy Lease Sale Announced by US Administration

As part of President Obama’s all-of-the-above energy strategy to expand safe and responsible domestic energy production, Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announce that BOEM will offer more than 20 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Proposed Western Gulf of Mexico Lease Sale 229, scheduled to take place in New Orleans on November 28, 2012, will be the first offshore sale under the Administration’s new Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five Year Program).

GoM Sale Yields $110m in High Bids

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, today’s Western Gulf of Mexico Lease Sale 238 attracted $109,951,644 million in high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore Texas. A total of 14 offshore energy companies submitted 93 bids. “This sale underscores the President’s commitment to create jobs and home-grown energy through the safe and responsible exploration and development of offshore energy resources,” said Interior Deputy Secretary Mike Connor. Today’s lease sale, which offered 21.6 million acres…

BOEM Takes Bids for GoM Lease Sale

On Wednesday, March 19, 2014, Secretary of the Interior Sally Jewell will announce the results of Gulf of Mexico Lease Sales 231 and 225, which are offering more than 40 million acres for oil and gas exploration and development offshore Louisiana, Mississippi and Alabama. Joining the Secretary on the press conference call will be Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau and BOEM Gulf of Mexico Regional Director John Rodi. As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Lease Sale 231 in the Central Planning Area and Lease…

High Bids in Western GofM Lease Sale

Offshore rig fronting GoM map: File image

U.S. Government agency BOEM informs that Western Gulf of Mexico Lease Sale 238 attracted US$109,951,644 million in high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore Texas. A total of 14 offshore energy companies submitted 93 bids. “This sale underscores the President’s commitment to create jobs and home-grown energy through the safe and responsible exploration and development of offshore energy resources,” said Interior Deputy Secretary Mike Connor.

Tomorrow’s Gulf Lease Sales Important Even Today - NOIA

(NOIA) Randall Luthi President of the National Ocean Industries Association

“Historically, Central and Eastern Gulf of Mexico lease sales have drawn strong interest from industry; however, a combination of factors – continued low commodity prices, increased Federal regulation, and the Administration’s clear lack of support for domestic fossil fuel production – could result in rather small sales tomorrow, continuing the downward trend witnessed over the past few years. In this tough economic environment, we have seen a pattern of some companies submitting bids in an attempt to shore up existing production areas and pick up leases near known deposits…

BOEM Oil and Gas Lease Sale: 48m Acres

The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced the bureau will offer more than 48 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development, in a lease sale that will include all available unleased areas in the Central Planning Area (CPA). “As one of the most productive basins in the world, the Gulf of Mexico remains an important component of our domestic energy strategy to create jobs, foster economic opportunities, and reduce America’s dependence on foreign oil,” Hopper said. BOEM will livestream Central Gulf of Mexico Lease Sale 247 on March 22, 2017. Livestreaming the sale enables BOEM to deliver pertinent bid information immediately to a much broader national and international audience.

Western Gulf of Mexico Lease Sale 174 Attracts $94.6 Million in High Bids

A Federal offshore natural gas and oil lease sale in the Western Gulf of Mexico received $94.7 million in high bids. The U.S. Department of the Interior's Minerals Management Service (MMS) received 177 bids totaling $104.2 million at the sale held in New Orleans. The 41 participating companies bid on 153 tracts in the Western Gulf of Mexico, offshore Texas and in deeper waters offshore Louisiana. "The results of the sale are about what we expected," said MMS Gulf of Mexico Regional Director Chris Oynes. "It is reflective of the large inventory of tracts already under lease. MMS officials said 86 tracts receiving bids are in water depths of 656 ft. or more. The highest bid on a tract was $11.3 million, submitted by Kerr-McGee Oil & Gas Corporation for NG15-02 Garden Banks 877.

BP's Commitment to GofM Confirmed: New Oil Discovered

Rig/Map Image CCL license

BP says it has made a significant oil discovery at its Gila prospect (which it co-owns with ConocoPhillips) in the deepwater US Gulf of Mexico. This is BP’s third discovery in recent years in the emerging Paleogene trend in the Gulf of Mexico and reflects the company’s ongoing commitment to the US offshore region. The Gila discovery was made by an exploration well on Keathley Canyon Block 93, about 300 miles southwest of New Orleans, in approximately 4,900 feet of water. The well, which penetrated multiple Paleogene-aged reservoir sands, was drilled to a total depth of 29,221 feet.

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