Largest ever O&G lease sale

The U.S. Department of Interior has proposed offering the largest oil and gas lease sale ever in the United States. DoI has proposed to offer more than 79.9 million acres within federal waters off the Gulf Coast states of Alabama, Florida, Louisiana, Mississippi, and Texas for O&G exploration and development. The proposed lease sale includes all available un-leased areas on the GoM’s Outer Continental Shelf. The sale is scheduled for March 2018. (Source: Maritime Herald 10/26/17)