Happy Thursday!
We promised when we heard what
happens in the first BBC1 lease sale we would let you know. (Check it out our
blog in early February.) Did anyone
happen to read the Oil & Gas Journal’s OGJ Daily Update Newsletter on
March 5, 2026, they had an article titled, “Federal government, Alaska host
lackluster Cook Inlet lease sale”? In
the article, it speaks on how Department of Interior’s Bureau of Ocean Energy
Management (BOEM) had their first Cook Inlet Outer Continental Shelf Oil and
Gas Lease Sale 1 (BBC1) Lease Sale and there were no bids. This was the first sale out of six mandated by
One Big Beautiful Bill Act. The region the
BOEM was offering leases on were in the northern area of Cook Inlet Planning
Area which included just under one million acres or 216 blocks. The State of Alaska had a concurrent lease
sale for a bit less than 3 million acres, and they only received one bid under
value for 20-acres. Appears not much interest in Alaska for drilling currently,
maybe the next one will go better. If we
hear anything else from the BOEM we will let you know. If you would like to read more of Oil and
Gas Journal’s article, please click the link: Federal
government, Alaska host lackluster Cook Inlet lease sales | Oil & Gas
Journal,
If
you would like help in looking into how to transport your product more efficiently
and with less of a carbon footprint or you would like to update your equipment
to make it more efficient with less emissions, contact us via the email in the Blog
and check out our ESC website!
Well,
the Houston Livestock and Rodeo is in its fourth
day. If you’re interested in what is going on at this world class
event or you want to see the performers’ line-up for this season; please click
the link for information: The Official Houston Livestock Show and Rodeo Website.
We hope you have a wonderful evening and a great week!
**Disclaimer: You may be charged a fee to read the Oil
and Gas Journal’s article. **