Oil and Gas Lease Sales in the Western Gulf Slated for Wednesday This Week

By Jim Allen, Editor, NuVote Reach

Image

Photo Credit:Looking Glass Animations-UK

More than 20 million offshore acres will be put up for lease sale by the US Department of the Interior (DOI), Bureau of Ocean Energy Management (BOEM) Wednesday which account for all of the remaining unleased areas in the Western Gulf of Mexico Planning Area (WGMPA). The lease sale is being framed as part of an Obama administration effort “to implement a comprehensive, all-of-the-above energy strategy, expanding domestic production, reducing our dependence on foreign oil, and supporting jobs,” said Interior Secretary Ken Salazar in a DOI press release.

It will be held on Wednesday November 28, 2012 at 9:00 AM CDT, at the Mercedes-Benz Superdome in New Orleans, Louisiana and be the first lease sale under the Outer Continental Shelf Oil and Gas Leasing Program (five-year program) for exploration and development of all offshore areas with the highest conventional resource potential. These areas represent 75 percent of the undiscovered, recoverable offshore oil and gas resources in the US.

The sale will include all available unleased areas in the WGMPA – encompassing 3,873 blocks and covering approximately 20.8 million acres – located from nine to 250 miles offshore, in water depths ranging from 16 to more than 10,975 feet.

“BOEM estimates the proposed lease sale could result in the production of 116 to 200 million barrels of oil and 538 to 938 billion cubic feet of natural gas,” according to a DOI press release.

At the Wednesday sale, BOEM will open 131 bids submitted by 13 companies on 116 offshore blocks.

In December 2011, 181 leases on WGMPA tracts covering 1,036,205 acres were awarded to the successful high bidders – valued at $324,971,001.

In June 2012, 442 leases on Central Gulf of Mexico tracts covering 2,335,646 acres were awarded to the successful high bidders – valued at $1,681,578,390.

The November 2012 Final Notice of Sale information package is available at: http://www.boem.gov/Sale-229/.

About these ads

About Jim Allen, Founder/Editor, NuVote Reach

Currently serving as Chief Operating Officer of Alejo Media, emerging as one of Washington, D.C.’s most artistic and innovative video production and post-production media companies. Previously, as Director of News and Media Services at the American Institute of Physics, he led the creation of the InsideScience.org news platform, which includes Inside Science TV. He also previously served as Media Director, Energy NOW! and Clean Skies TV and as Special Reports Editor/Media Relations Director at The Hill newspaper. Jim has served in various executive, business development and/or programming roles for a number of media concerns including CBS Radio/Television, Radio One Inc. and the Los Angeles Times. Since 1995, he has been a contributor to the Reporters Notebook news roundtable program on NBC 4 TV, DC. He earned a music scholarship to Delaware State University, a Bachelor of Arts in English/Television Production at Virginia State University and, from 2003-2007, attended Concord University School of Law. His commendations include the Washington, DC Teachers' Union Media Relations Award and shared an American Academy of Nursing National Media Award. Jim also chairs a development task force for the faith-based, non-profit House of Help/City of Hope, founded and led by Bishop Dr. Shirley Holloway, which has provided substance abuse, mental health and continuing education programs and transitional housing for tens of thousands of homeless (and battered) women, families and men (including ex-offenders) at its shelter and treatment facilities in Washington, DC and Prince George’s and Charles Counties, MD.
This entry was posted in Politics. Bookmark the permalink.

One Response to Oil and Gas Lease Sales in the Western Gulf Slated for Wednesday This Week

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s