BOEM details next region-wide Gulf of Mexico lease sale

The Bureau of Ocean Energy Management will offer 78 million acres in a region-wide lease sale in March.

Offshore staff

WASHINGTON, D.C. – The Bureau of Ocean Energy Management will offer 78 million acres in a region-wide lease sale in March.

Lease Sale 252 will include all available unleased areas in federal waters of the Gulf of Mexico. The sale will include about 14,696 unleased blocks, located from 3 to 231 mi (5 to 372 km) offshore, in the Gulf’s Western, Central and Eastern planning areas in water depths ranging from 9 to more than 11,115 ft (3 to 3,400 m).

The sale, scheduled to be livestreamed from New Orleans, will be the fourth offshore sale under the 2017-2022 national outer continental shelf oil and gas leasing program.

The Gulf of Mexico OCS, covering about 160 million acres, is estimated to contain about 48 Bbbl of undiscovered technically recoverable oil and 141 tcf of undiscovered technically recoverable gas, according to BOEM.

02/13/2019

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