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Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development

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Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. Lease Sale 231 in the Central Planning Area and Lease Sale 225 in the Eastern Planning Area will be held consecutively in New Orleans, Louisiana, on 19 March 2014.

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DOI: latest Gulf of Mexico oil & gas lease sales garner $872M in high bids

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Secretary of the Interior Sally Jewell announced that the latest oil and gas lease sales for federal waters in the Gulf of Mexico garnered $872,143,771 million in high bids on 329 tracts covering 1,707,358 acres. million acres on the US Outer Continental Shelf (OCS) offshore Louisiana, Mississippi and Alabama.

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BOEM announces proposed Central Gulf of Mexico oil and gas lease sale; nearly 38 million acres available

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The sale will include all available unleased areas in the Central Planning Area offshore Louisiana, Mississippi and Alabama. Lease Sale 216/222 is the last remaining sale scheduled in the 2007 – 2012 Outer Continental Shelf Oil and Natural Gas Leasing Program.

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Transocean to pay record $1.4 billion in civil and criminal fines and penalties for role in Deepwater Horizon disaster

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the owner of the drilling rig Deepwater Horion, agreed to plead guilty to violating the Clean Water Act (CWA) and to pay a total of $1.4 and related entities were filed in US District Court in the Eastern District of Louisiana. and related entities were filed in US District Court in the Eastern District of Louisiana.

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Chevron, BP and ConocoPhillips partner to explore 24 leases in Paleogene trend in deepwater Gulf of Mexico

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The Gila discovery was made by an exploration well on Keathley Canyon Block 93, about 300 miles (483 km) southwest of New Orleans, in approximately 4,900 feet (1,494 meters) of water. The Gila discovery is located approximately 25 miles (40 km) west of Tiber, also located in the Keathley Canyon area.

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NRC report concludes hydraulic fracturing poses low risk for causing earthquakes, but risks are higher for wastewater injection wells; CCS impact undetermined

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Schematic diagram of a shale gas well following hydraulic fracture treatment, with the relative depths of local water wells shown for scale. Hydraulic fracturing (“fracking”) extracts natural gas by injecting a mixture of water, sand, and chemicals in short bursts at high pressure into deep underground wells.

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Oil and gas lease sale in Central Gulf of Mexico draws more than $1.7B in high bids for more than 2.4M acres; Shell, Statoil, BP top high bidders

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Secretary of the Interior Ken Salazar announced that the Central Gulf of Mexico oil and gas lease sale attracted $1,704,500,995 in high bids for tracts on the US outer continental shelf offshore Louisiana, Mississippi and Alabama. trillion cubic feet of natural gas. billion barrels of oil and 3.3 in previous Central lease sales.

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