Today’s 40 million-acre central Gulf of Mexico lease sale facilitated by the Department of Interior drew much attention due to BP’s return to action after being banned from the past 3 government auctions. The lease sale drew considerable attention from oil majors and independents, with most of the 380 bids submitted for deep-water territory. The… Keep reading →
Lease Sale
Energy Quote of the Day: Lease Sale Shows Gulf to Remain ‘Bedrock of the Nation’s Energy Portfolio’
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We will never sell or share your information without your consent. See our privacy policy.Yesterday’s Gulf of Mexico lease sale brought in just over $102 million in high bids, less than the two previous sales. Various news outlets described it in less-than-glowing terms. Oil & Gas Journal called the results “lackluster“, while Fuel Fix said the sale drew “tepid interest“. “This sale was not eye-popping, and may be closer to a… Keep reading →