BOEM schedules Lease Sale 253
WASHINGTON, D.C. – The Bureau of Ocean Energy Management (BOEM) will offer 77.8 million acres in a region-wide lease sale scheduled for Aug. 21, 2019.
Lease Sale 253 will include all available unleased areas in federal waters of the Gulf of Mexico. It will include about 14,585 unleased blocks, located from three to 231 mi (five to 372 km) offshore, in the Gulf’s Western, Central, and Eastern planning areas. Water depths range from nine to more than 11,115 ft (three to 3,400 m).
Scheduled to be livestreamed from New Orleans, this will be the fifth offshore sale under the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.
In addition, BOEM said the fiscal terms include a 12.5% royalty rate for leases in less than 656 ft (200 m) of water depth, and a royalty rate of 18.75% for all other leases issued pursuant to the sale.
More information is available at http://www.boem.gov/Sale-253/.