In a step towards fulfilling the Five-Year National Outer Continental Shelf (OCS) Oil and Gas Leasing Program, U.S. Secretary of the Interior Ryan Zinke made known on July 13th the availability of 75.9 million acres in the Gulf of Mexico for lease for the purpose of oil and gas exploration. The acreage lies off the coast of Texas, Louisiana, Mississippi, Alabama, and Florida.

The sale will be held on August 16, 2017, and will include a reduced royalty rate for shallow water leases in order to encourage oil and gas exploration during the curr...


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