BOEM schedules GoM Lease Sale 238

The US Bureau of Ocean Energy Management (BOEM) has announced the proposed Western Gulf of Mexico Lease Sale 238 scheduled this coming August.

Apr 15th, 2014

Offshore staff

WASHINGTON, D.C. – The US Bureau of Ocean Energy Management (BOEM) has announced the proposed Western Gulf of Mexico Lease Sale 238 scheduled this coming August.

On offer will be more than 21 million acres offshore Texas and will include all available unleased western GoM areas, said BOEM Director Tommy Beaudreau.

Sale 238 will include approximately 3,992 blocks located from nine to 250 mi offshore, in water depths ranging from 16 to more than 10,975 ft (5 to 3,346 m). BOEM plans to offer blocks located, or partially located, within the three statute mile U.S. - Mexico Boundary Area subject to the terms of the U.S. - Mexico Transboundary Hydrocarbon Agreement. BOEM estimates the proposed lease sale could result in the production of 116 to 200 MMbbl of oil and 538 to 938 bcf of natural gas.

The terms and conditions for Sale 238 in the Proposed Notice are not final. Different terms and conditions may be employed in the Final Notice of Sale which will be published at least 30 days before the sale.

4/15/14

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