US MMS issues proposed notice of Western Gulf of Mexico Lease Sale 192

The US Minerals Management Service issued a proposed notice of Sale 192, a sale of offshore oil and natural gas leases in the western Gulf of Mexico scheduled for Aug. 18 in New Orleans.

March 30, 2004

By OGJ editors

HOUSTON, Mar. 30 -- The US Minerals Management Service issued a proposed notice of Sale 192, a sale of offshore oil and natural gas leases in the western Gulf of Mexico scheduled for Aug. 18 in New Orleans.

The proposed sale includes 3,890 unleased blocks encompassing 21.1 million acres in the western Gulf of Mexico Outer Continental Shelf planning area off Texas and in deeper waters off Louisiana, MMS said.

The blocks lie 5-357 km offshore in 8-3,100 m of water. The proposed sale could result in an estimated production of 136-262 million bbl of oil and 0.81-1.44 tcf of gas, MMS said.