WebThe Gulf of Mexico is a region of high exploration drilling success rates. The area is gridded into 5,000 acre leases that are available to be acquired through bidding at the annual federal lease sales. Acquired leases are held for a five year term with the only commitment being a yearly US$7 per acre rental. WebSep 14, 2024 · Originally, the sale produced about $191.6 million in bids for 1.7 million acres in the Gulf of Mexico, but BOEM said one bid was rejected for failing to meet market value. The lease...
Exxon’s new Gulf of Mexico leases aren’t what they seem
WebJul 21, 2024 · That lease sale drew competitive winning bids from two companies—TotalEnergies Renewables and Duke Energy Renewables Wind—totaling approximately $315 million. The agency now plans to... WebFeb 22, 2024 · Earlier Lease Sales Wednesday’s announcement of a lease sale in the Gulf comes after earlier announcements of lease sales of the U.S. East and West coasts. The first auction for... ravenswood generating station nyc
Gulf of Mexico lease sale attracts $264 million in high bids
WebJul 2, 2024 · The government held an offshore lease auction in the Gulf of Mexico in November that brought $192 million in bids. A court canceled that sale before the leases were issued. WebNov 17, 2024 · One of President Joe Biden’s boldest environmental campaign promises was to ban new oil and natural gas leasing on public land and water. But on Wednesday his administration will open more than 80... WebNov 17, 2024 · Exxon’s shock splash on the US Gulf of Mexico Continental Shelf highlighted one of the most active US Gulf lease sales in recent years. Lease Sale 257, which the Biden administration held under court order, attracted nearly $192 million in total high bids across 308 blocks. Exxon was named the high bidder on 94 tracts stretching … ravenswood generating station pollution