Some see eastern gulf Sale 181 as missed opportunity

Oil and gas companies bid on 95 of 233 tracts far off Alabama in the eastern Gulf of Mexico in early December, but some said the federal lease sale was a missed opportunity for industry.Seventeen companies bid a total $458.9 million at the sale, OGJ Online reported Dec. 5. Click here to enlarge imageBlocks offered were no closer than 100 miles from shore and no more than 24 miles east of the eastern boundary of the Central Planning Area (see map).Some industry observers were scratching their heads over several established deepwater stars that either were underachievers or did not bid in the first lease sale in those waters since 1988. All of the blocks that drew bids in the sale are in 1...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected