Happy Wednesday!
Did anyone
happen to hear the announcement the Bureau of Ocean Energy Management (BOEM) made
this afternoon, December 20, 2023, the announcement titled, “Oil and Gas Lease Sale
261 Results Announced”? The BOEM announced
today the results for the Gulf of Mexico Oil and Gas Lease Sale 261 which was
ordered by the U.S. Court of Appeals for the 5th Circuit to be
completed by December 22, 2023. The Gulf
of Mexico sale had 1.7 million acres available which was equal to 311 tracts in
federal waters, and the sale generated $382,168,507. There were 352 bids placed for Lease Sale 261
from different 26 companies which totaled $441,896,332. The major oil companies
including Chevron U.S.A., BP Exploration, and Shell Offshore placed bids. In addition, companies like Anadarko US
Offshore, Talos Energy Offshore, and Hess Corporation placed bids, too. The Gulf of Mexico Lease Sale 261 happened
because of the Inflation Reduction Act and there won’t be another oil and gas
lease sale until 2025. If you would like
to read more of the BOEM’s announcement, please click the
link: Gulf of Mexico Oil and Gas Lease Sale 261 Results Announced | Bureau of Ocean Energy Management (boem.gov).
If you would
like to see the details to the BOEM Lease Sale 261, please click the link: Lease Sale 261 | Bureau of Ocean Energy Management (boem.gov).
If you would
like help in looking into how to transport your product efficiently, safely, and
with less of a carbon footprint or just find out what is underneath your feet
to help with your emission reduction goals, contact us via email in the blog
and check out our ESC's website for contact information!
We hope you have a wonderful evening! Go see some Christmas
lights tonight!