GoM lease sale March ’17

The federal Bureau of Ocean Energy Management ‘s (BOEM) director announced Sept. 15 that it will offer about 47 million acres in the Gulf of Mexico off the shores of Alabama, Louisiana, and Mississippi for oil and gas exploration and development in the Central Planning Area. Central Gulf of Mexico Lease Sale 247 is scheduled to take place in New Orleans in March 2017, which will be the 12th offshore sale under the Obama administration's Outer Continental Shelf Oil and Gas Leasing Program from 2012-17. This 11 other sales have netted more than $3 billion, and support of the White House’s goal of continuing to increase domestic oil and gas production. (Source: Marine Link 09/15/16)