Post Tagged with: "Lease Sale"

W&T Offshore Says Apparent High Bidder on 15 Blocks in GOM Lease Sale

W&T Offshore Says Apparent High Bidder on 15 Blocks in GOM Lease Sale

W&T Offshore Announces Increase in Prospective Acreage as the Apparent High Bidder on 15 Blocks in the Latest Gulf of Mexico Lease Sale

Gulf Lease Sale Generates $178 Million

Gulf Lease Sale Generates $178 Million

Zinke pauses on lowering royalty rate

From the Houston Chronicle

A federal lease sale in the Gulf of Mexico Wednesday generated $178 million in winning bids, raising expectations that drillers’ confidence in the region is rising.

After a March auction …

August 16, 2018 - 1:27 pm Closing Bell Story‎, Energy News, Offshore
U.S. to offer 48 Million Acres in its Last Central Gulf of Mexico Oil & Gas Lease Sale

U.S. to offer 48 Million Acres in its Last Central Gulf of Mexico Oil & Gas Lease Sale

Final Notice of Sale announces lease terms for available acreage offshore Louisiana, Mississippi and Alabama – Lease Sale Number 247 is Mar. 22, 2017

Two days after President Obama used his pen to indefinitely ban most of the Arctic and …

Source: Rosneft

Supermajors Spend $1.2 Billion to Secure Drilling Rights Offshore Canada

Statoil Plays Largest Role, Locks Up Interests in Six Blocks

Some of the industry’s largest players spent $1.2 billion in a Canada offshore lease sale on November 12, 2015, securing a foothold in an area estimated to hold as much …

Colorado BLM Lease Sale Nets $32.1 Million

Colorado BLM Lease Sale Nets $32.1 Million

Over 25,000 acres of federal forest land auctioned in recent BLM sale

In its largest oil and gas lease sale in Colorado since 2008, the Bureau of Land Management (BLM) sold 73 parcels totaling 32,962 acres for $32.1 million last …

Drill Rig in Alaska - Oil & Gas 360

At $51 Billion, Alaska’s Hydrocarbons Fuel the Country’s Largest Trust Fund: EIA

State’s Permanent Fund Pays Annual Cash Dividend to All Residents

The 49th state has its perks. All Alaskans get an annual dividend check from the state. In 2014 their checks were $16 shy of $1,900 per resident.

Residents can thank …

Oil & Gas Development on the East Coast Takes Next Step

Oil & Gas Development on the East Coast Takes Next Step

The United States Department of the Interior, in conjunction with President Obama, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management Director Abigail Ross Hopper, released a Draft Proposed Program for development of offshore properties in an …

BOEM Schedules Eastern GOM Sale – First Eastern Sale Since 2008

BOEM Schedules Eastern GOM Sale – First Eastern Sale Since 2008

On December 3, 2013, the Bureau of Ocean Energy Management (BOEM) announced the Eastern Gulf of Mexico oil and gas lease sale 225 will take place on March 19, 2014. The sale is the first proposed for the Eastern Planning …

December 4, 2013 - 3:47 pm Fracing, Oil and Gas 360 Articles, Politics & Opinions
Companies Cautious With Western Gulf of Mexico Lease Sale 233

Companies Cautious With Western Gulf of Mexico Lease Sale 233

The Bureau of Ocean Energy Management (BOEM) held its Western Gulf of Mexico (GOM) Lease Sale 233 on August 28, 2013, which raised $102.4 million in high bids. The event auctioned 3,873 tracts from nine to 250 miles offshore, in …

August 28, 2013 - 3:33 pm Offshore, Oil and Gas 360 Articles, Politics & Opinions
Central Gulf of Mexico Lease Sale – Come on in, the Water is Fine!

Central Gulf of Mexico Lease Sale – Come on in, the Water is Fine!

The Bureau of Ocean Energy Management (BOEMRE) held its Central Gulf of Mexico lease sale on March 20, 2013, generating $1.2 billion for the U.S. government.  Approximately 52 companies submitted 407 bids on 320 tracts off the coasts of Louisiana, …

March 21, 2013 - 5:14 pm Offshore, Oil and Gas 360 Articles