BOEM to Hold Media Conference Call Following Aug. 16 Lease Sale

WHO: Officials with the Department of the Interior. Credentialed media are invited to call.
  
WHAT: Press conference call to announce results of Gulf of Mexico OCS Oil & Gas Lease Sale 249, scheduled for August 16, 2017.
  
WHEN: Sale 249 begins at 9 a.m. Central Time and the conference call will begin at 10:30 a.m. Central Time Wednesday, Aug. 16.
  
HOW: Credentialed news media only are invited to participate in the teleconference following the bid reading by calling 1-888-790-1808 and providing the passcode: Gulf Sale.
  

BACKGROUND
On August 16, BOEM will hold Gulf of Mexico OCS Oil & Gas Lease Sale 249. BOEM accepted sealed bids until today (August 15) at 10 a.m. Central Time. During the bidding period, 23 companies submitted 99 bids on 90 blocks for Sale 249. A map showing the location of tracts receiving bids will be available on the BOEM website at: http://www.boem.gov/Sale-249/ at 7:00 AM Central Time tomorrow.

Bid reading will be made public via a live webstream, available at www.boem.gov. The webstream will come online and be accessible beginning at 8:30 a.m. Central Time; the bid reading will begin at 9 a.m. Central Time. Broadcasting the bid reading in this manner allows bid information to reach a broad audience and saves the taxpayer money.
  
Totals for the sale will be announced as soon as the bids are tallied at the end of the webstream. The media call will follow at 10:30 a.m., and a press release and final sale statistics will be released and posted to BOEM's website the same day.
  
Evaluation of bids for fair market value will take place over the next 90 days. Lease awards will be posted to BOEM's website as they are completed. A Note to Stakeholders will announce final sales statistics upon completion of evaluations.
  
MORE INFORMATION
Chronology of LS249 development and supporting documents: www.boem.gov/sale-249
Press release announcing Final Notice of Sale:
https://www.boem.gov/press07132017/

- BOEM -