Monday, August 28, 2023

BOEM’s Gulf of Mexico Lease Sale 261 which is on September 27, 2023, has a drama brewing!

Happy Monday and welcome back to another week of ESC News Blog.

Did anyone see The Houston Chronicle’s Business Section on August 26, 2023, they reprinted an article from the Associated Press titled, “Dueling lawsuits filed over oil leases - Energy interests, environmentalists at odds over plan to protect rare whale”?  In the article, it speaks about the Gulf of Mexico oil and gas lease sale, which is scheduled for Wednesday, September 27, 2023, which is part of the Inflation Reduction Act of 2022.  U.S. Department of Interior’s Bureau of Ocean Energy Management (BOEM) Lease Sale 261 has run into a snag because of Rice’s whale which is an endangered species.    The BOEM has reduced the acreage from 73 million acres to 67 million acres due to their agreement to settle a lawsuit with environmentalists about the protected whales, which hasn’t gone over well with the oil and gas industry.  The oil and gas industry and an environmentalist’s group both have filed lawsuits last week in reference to the Gulf of Mexico lease sale in federal court. Neither group is happy about the acreage or the other revisions which includes new speed limits, and new rules for personnel on industry vessels.  It will be interesting to see how this will play out over the next few weeks prior to the Lease Sale 261, or if there will even be a lease sale.  If you would like to read more of the Associated Press’ article, please click the link: Energy interests and environmentalists fight Biden oil lease plan from different sides| AP News.

If you would like to read the U.S. BOEM’s Amended Lease Sale 261, please click the link: Federal Register :: Gulf of Mexico, Outer Continental Shelf, Oil and Gas Lease Sale 261.

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We hope you have a wonderful evening and a great week!

**Disclaimer: You may be charged a fee to read the Associated Press’ article. **