Image: BOEM
Complying with a mandate within the Inflation Reduction Act, the Bureau of Ocean Energy Management (BOEM) has accepted 307 highest legitimate bids from oil and gasoline Lease Sale 257 within the Gulf of Mexico, totaling $189,888,271.
The Biden Administration had not wished to carry that sale, however did so on November 17, 2021, in compliance with a courtroom order. On January 27 this yr, the sale outcomes have been invalidated by a federal choose’s ruling.
NOAA COMMENTS
In response to as we speak’s BOEM announcement, National Ocean Industries Association (NOIA) President Erik Milito issued the next assertion:
“The reinstatement of Lease Sale 257 is crucial in conserving power flowing from the Gulf of Mexico. Communities alongside the Gulf Coast and all through the nation rely on Gulf of Mexico oil and gasoline growth for good-paying jobs, inexpensive power provides, and necessary funding for native infrastructure wants, coastal restoration and resiliency, and parks and recreation applications. It had been almost two years since firms have been final in a position to safe new leases from a area that’s acknowledged as nationwide strategic asset.
“At a time of inflationary energy price impacts and global energy insecurity, the Gulf of Mexico oil and gas sector continues to shine as an economic engine that operates under world class safety standards and produces among the lowest carbon barrels of oil in the world.”
All phrases and situations for Lease Sale 257 are detailed within the Final Notice of Sale info package deal, which is on the market HERE
