Happy Wednesday!
Well, we knew
that the saga would continue, but we didn’t think it would be so soon! Let’s
give you a little recap! Back at the end
of August the Department of Interior’s Bureau of Ocean Energy Management (BOEM)
was being sued by the Oil and Gas Industry for reducing the acreage by about 6
million acres and making new terms and restrictions for the lease sale because
of the endangered species which lives in the northern Gulf of Mexico and the environmentalists
sued to stop the sale. The Oil and Gas
Industry’s case had its day in court on September 21, 2023, the U.S. District Court
for the Western District of Louisiana and the Honorable Judge, James David Cain,
Jr., ruled the BOEM must return to the original lease sale terms and acreage
announced back in March because the changes came at the last minute and the proper
steps were not taken. By the end of the
week the BOEM filed an emergency request to allow the sale to proceed, but
leave the new restrictions, and the environmentalist also filed an appeal with
the U.S. Court of Appeals for the 5th Circuit in New Orleans. Now you are all caught up with what has
happened as of the end of last week!
Did anyone see
the Daily Update from Oil & Gas Journal on September 26, 2023, they wrote
an article titled, “Gulf of Mexico oil and gas lease sale delayed”? In the article, it speaks about the Gulf of Mexico Oil and Gas Lease Sale 261 and the emergency request the BOEM and
environmentalists filed with the U.S. Court of Appeals for the 5th Circuit
in New Orleans on Friday. The oil and gas
lease sale was scheduled for this Wednesday, September 27, 2023, the U.S. Court
of Appeals for the 5th Circuit sent down a ruling on Monday, September
25, 2023, to delay the sale to November 8, 2023, to allow for the 3-judge panel
to consider the emergency request by the BOEM and interested parties. It will be interesting to see how this saga
will play out in the next few weeks. If
you would like to read more of the Oil & Gas Journal’s article, please
click the link: Gulf
of Mexico oil and gas lease sale delayed | Oil & Gas Journal (ogj.com).
If you would
like help in looking into how to transport your product or help reduce your
carbon-foot print, contact us via the email in the blog and check out our ESC's website!
We hope you have a wonderful evening!
**Disclaimer: You may be charged a fee to read the Oil
& Gas Journal’s article. **