BOEM to open bids for 21-million-acre Western Gulf of Mexico lease sale
NEW ORLEANS – The Bureau of Ocean Energy Management (BOEM) Gulf of Mexico Regional Director John Rodi will open the Gulf of Mexico Western Planning Area Lease Sale 238 at 9:00 AM CDT on Wednesday, August 20, 2014 at the Mercedes-Benz Superdome in New Orleans.
Following the bid reading, a news media teleconference to announce the results of the sale will be conducted by BOEM Gulf of Mexico Deputy Regional Director Michael Celata.
“U.S. oil and natural gas companies remain committed to the Gulf of Mexico even as 85% of federal offshore waters remain closed to exploration, said National Ocean Industries Association (NOIA) President Randall Luthi. "We look forward to tomorrow’s sale, but don’t anticipate any huge surprises in terms of number or size of bids. The Western Gulf of Mexico tends toward natural gas, which is not currently fetching high prices. Nonetheless, we do expect to see healthy interest in both shallow-water and deepwater tracts.”