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

Green Car Congress

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. BOEM estimates the proposed sale could result in the production of approximately 1 billion barrels of oil and 4 trillion cubic feet of natural gas.

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

Green Car Congress

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. The area will be offered to industry again in 2016 under the current Five Year Offshore Oil and Gas Leasing Program.

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Obama Administration announces 21M-acre oil and gas lease sale offshore Texas

Green Car Congress

The US Department of the Interior will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Ultra-deep gas royalty relief required under EPAct will still be available.

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Obama Administration offering more than 20M acres offshore Texas for oil and natural gas exploration and development

Green Car Congress

Beaudreau released the final details for an oil and gas lease sale that will offer more than 20 million acres offshore and will make available all unleased areas in the Western Gulf of Mexico Planning Area. Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Earlier post.).

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

quadrillion Btu in 2012 to 12.1 As a result, annual increases in vehicle miles traveled (VMT) in LDVs average 0.9% from 2012 to 2040, compared to 1.2% l/100 km) in 2012 to 37.2 l/100 km) in 2012 to 37.2 LDV energy consumption declines in AEO2014 Reference case from 16.0 quadrillion Btu in 2040, compared with 13.0

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

Green Car Congress

Lease Sale 216/222 is the last remaining sale scheduled in the 2007 – 2012 Outer Continental Shelf Oil and Natural Gas Leasing Program. The Proposed 2012-2017 Outer Continental Shelf (OCS) Oil and Gas Leasing Program schedules 12 lease sales in the Gulf of Mexico.

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US BOEM to offer more than 20M acres offshore Texas for oil and gas exploration; includes all available unleased areas in Western Gulf

Green Car Congress

The US Bureau of Ocean Energy Management (BOEM) will offer more than 20 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Earlier post.) Earlier post.)

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