On 17 July 2020, the Bureau of Ocean Energy Management (BOEM) announced that it will offer ~318,892 sq km (~78.8 million acres) for a new region-wide lease sale, Lease Sale 256, slated for November 2020. The lease sale will encompass approximately 14,755 unleased blocks, including all of the available unleased areas in federal waters of the Gulf of Mexico. âThe Gulf of Mexico provides a fundamental role for our nationâs energy portfolio,â said Mike Celata, Director of BOEMâs Gulf of Mexico Region. âAs one of the most productive basins in the world, the development of its resources is essential to our nationâs energy security.â Lease Sale 256 will represent the seventh offshore sale under the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Programme and will be livestreamed from New Orleans. The Gulf of Mexico Outer Continental Shelf (OCS), covering about 160 million acres, is estimated to contain about 48 billion barrels of undiscovered technically recoverable oil and 141 trillion cubic feet of undiscovered technically recoverable gas. On 18 March 2020, the US Bureau of Ocean Energy Management (BOEM) held Gulf of Mexico Lease Sale 254, which attracted a total of US$ 93 million in high bids, a sharp ~42% (US$ 66.3 million) drop compared to the total amount bid in preceding GOM Lease Sale 253, which was held on 21 August 2019 and garnered US$ 159.3 million in high bids. BHP submitted the highest amount for Green Canyon Block GC 80, with an US$ 11.1 million bid. More information on Gulf of Mexico Lease Sale 256 is available at: <A HREF="https://www.boem.gov/Sale-256/">https://www.boem.gov/Sale-256/</A>.
The Bureau of Ocean Energy Management (BOEM) announced that it will offer ~318,892 sq km (~78.8 million acres) for a new region-wide lease sale, Lease Sale 256, slated for November 2020. The lease sale will encompass approximately 14,755 unleased blocks, including all of the available unleased areas in federal waters of the Gulf of Mexico. 