Lease Sale 235 Generates Less than Half of Previous Sales in the Central GOM
The Bureau of Ocean Energy Management (BOEM), an energy arm of the Department of the Interior, concluded its Lease Sale 235 in the Central Gulf of Mexico (GoM) on March 18, 2015. The sale is the BOEM’s first of the year and sold approximately 923,700 acres, generating $539 million in high bids. The offered properties spanned about 41.2 million acres ranging from depths of nine to 11,115 feet, with in-house production estimates of up to 890 MMBO and 3.9 Tcf.

A total...

Legal Notice