facebook
twitter
rss
account
search
search
 

U.S. plans oil, gas auction for GOM

Sept. 26, 2012 at 8:29 AM   |   Comments

WASHINGTON, Sept. 26 (UPI) -- The U.S. government said it was putting 38 million acres in the central Gulf of Mexico on the auction block for energy explorers in March.

U.S. Interior Secretary Ken Salazar and Bureau of Ocean Energy Management Director Tommy Beaudreau announced blocks for oil and gas exploration were up for auction next year.

"Proposed Lease Sale 227, scheduled to take place in New Orleans on March 20, 2013, will offer all unleased areas in the Central Gulf of Mexico Planning Area, offshore Louisiana, Mississippi, and Alabama and could lead to the production of up to nearly a billion barrels of oil and nearly 4 trillion cubic feet of natural gas," the Interior Department said in a statement.

The March sale would be the second under the government's five-year Outer Continental Shelf oil and natural gas lease program and the first from that program for the central Gulf of Mexico.

Specifically, the BOEM estimates the lease sale could lead to the production of as much as 890 million barrels of oil and up to 3.9 trillion cubic feet of natural gas.

A lease sale for acreage in the Western Gulf of Mexico is scheduled Nov. 28 in New Orleans.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
5
Rheinmetall, KBR in joint venture bid for British defense entity
Trending News
Video
x
Feedback