BOEM to Open Bids for 23.8 Million Acre Western Gulf of Mexico Oil and Gas Lease Sale
Contact: Caryl Fagot
Auction Marks First Time BOEM Lease Sale Will Be Broadcast Live on the Internet
LA - On Wednesday, August
24, 2016, the Bureau of Ocean Energy Management (BOEM) will conduct a lease
sale offering 23.8 million acres in federal waters offshore Texas for oil and
gas exploration and development. Lease Sale 248, which offers all unleased and
non-protected areas in the Western Gulf of Mexico Planning Area, will be
livestreamed to the public via the BOEM website at ww.BOEM.gov or
via livestream at https://livestream.com/BOEMGOMR/WPASale248. The bid reading begins at 9:00 AM CDT and will
be broadcast live.
The federal sale is
the first to be broadcast on the internet, allowing bid information to reach a
much broader audience and eliminating the need for the public to physically
attend the bid reading. News media
representatives are invited to view the sale via the livestream and participate
in a news media teleconference following the bid reading. BOEM Director Abigail
Ross Hopper and Gulf of Mexico Regional Director Michael Celata will announce
the results of the sale and answer questions.
As part of Obama
Administration's continued commitment to safe and responsible domestic energy
production, Lease Sale 248 is the eleventh offshore sale under the Outer Continental
Shelf Oil and Gas Leasing Program for 2012-2017 (Five Year Program). The first
ten sales in the Five Year Program offered more than 60 million acres for
development and garnered more than $3 billion in bid revenues.
Lease Sale 248 includes
4,399 tracts from nine to more than 250 miles off the Texas coast, in water
depths ranging from 16 to more than 10,975 feet (five to 3,346 meters).
closed, three companies had submitted 24 bids on 24 tracts for Western Sale 248.
A map showing the location of tracts receiving bids is available on the BOEM
website at: http://www.boem.gov/Sale-248/.
Abigail Ross Hopper, BOEM Directorand Michael Celata, Regional Director, BOEM Gulf of Mexico Region
Lease Sale 248 and Media Conference Call to Announce Results
Wednesday, August 24, 2016: Bid reading begins at 9:00 AM CDT
Press Conference Call begins at 10:00 AM CDT
Livestream at https://livestream.com/BOEMGOMR/WPASale248 or www.boem.gov
The Bureau of Ocean Energy Management (BOEM) promotes energy independence, environmental
protection and economic development through responsible, science-based management of offshore conventional and renewable energy resources.