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OEF Rapid Review Articles

73 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida will be offered for oil and gas exploration and development. The proposed lease sale scheduled for August this year would include all available unleased areas in federal waters of the Gulf of Mexico, and is part of President Trump’s plan to make the United States energy independent. The estimated amount of resources projected to be developed as a result of the proposed lease sale ranges from 0.211 to 1.118 Billion barrels of oil and from 0.547 to 4.424 Trillion cubic feet of gas.
LINK TO THE SOURCE ARTICLE:
Gulf Of Mexico Lease Sale To Reduce Dependence On Foreign Oil

 

 

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