The US Bureau of Ocean Energy Management completed its required evaluation to assure that the public received fair market share for federal offshore tracts the US Department of the Interior agency offered in an Aug. 21 oil and gas lease sale (OGJ Online, Aug. 21, 2019).
BOEM said on Nov. 25 that it awarded 147 leases on tracts covering 811,966.715 acres to high bidders who participated in Gulf of Mexico Regionwide Lease Sale No. 253 following extensive geological, geophysical, engineering, and economic analysis. Accepted high bids were valued at $155 million, it noted.