The US Bureau of Ocean Energy Management (BOEM) plans an Aug. 15 oil and gas lease sale in the Gulf of Mexico. The sale will include all available unleased areas in federal waters, which is about 78 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida.
Lease Sale 251 will include roughly 14,622 blocks in a range of 3-231 miles offshore across GOM’s western, central, and eastern planning areas. The blocks are in 9-11,115 ft of water.
This will be the third sale in DOE’s Outer Continental Shelf 2017-22 program, which plans a total of 10 sales.
BOEM estimates the upcoming sale contains about 48 billion bbl of undiscovered technically recoverable oil and 141 Tcf of undiscovered technically recoverable gas.
All terms and conditions for Sale 251 are available on the BOEM web site.
