BOEM completes tract evaluation, awards 147 GOM leases

    Nov. 26, 2019
    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.

    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.

    About the Author

    Nick Snow

    NICK SNOW covered oil and gas in Washington for more than 30 years. He worked in several capacities for The Oil Daily and was founding editor of Petroleum Finance Week before joining OGJ as its Washington correspondent in September 2005 and becoming its full-time Washington editor in October 2007. He retired from OGJ in January 2020. 

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