BOEM proposes offshore Texas lease sale

July 24, 2012
The US Bureau of Ocean Energy Management (BOEM) plans to offer more than 20 million acres offshore Texas for oil and gas exploration and development.

Offshore staff

WASHINGTON, D.C. –The US Bureau of Ocean Energy Management (BOEM) plans to offer more than 20 million acres offshore Texas for oil and gas exploration and development. This includes all available unleased area in the Western Gulf of Mexico Planning Area.

The sale would include approximately 3,800 blocks, covering 20.5 million acres, located from nine to 250 mi (14.5 to 402 km) offshore, in water depths ranging from 16 to more than 10,975 ft (5 to 3,346 m).

The proposed Western Gulf of Mexico Lease Sale 229, scheduled for New Orleans on Nov. 28, 2012, will be under the new Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five Year Program).

7/24/2012