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OEF Rapid Review

U.S. Secretary of the Interior Ryan Zinke has announced that the Department is proposing the largest oil and gas lease sale ever held in the U.S. – 76,967,935 acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida. It is scheduled for March 2018 and includes all available unleased areas on the Gulf’s Outer Continental Shelf, surpassing last year’s region-wide lease sale by about one million acres. The resources projected to be developed range from 0.21 to 1.12 billion barrels of oil and from 0.55 to 4.42 trillion cubic feet of gas.
LINK TO THE SOURCE ARTICLE:
More Of The Gulf Of Mexico To Be Opened Up, Largest Lease Sale Ever

 

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