48M acre GoM oil & gas lease-sale

The Bureau of Ocean Energy Management (BOEM) announced Dec. 22 that it will offer more than 48 million acres from offshore Alabama, Louisiana, and Mississippi for oil and gas exploration and development in a lease-sale that will include all available unleased areas in the Central Planning Area. “As one of the most productive basins in the world, the Gulf of Mexico remains an important component of our domestic energy strategy to create jobs, foster economic opportunities, and reduce America’s dependence on foreign oil,” said BOEM Director Abigail Ross Hopper. BOEM will live stream Central Gulf of Mexico Lease Sale 247 on March 22, 2017. (Source: Marine Link 12/22/16)