Offshore update ///
Central Gulf of Mexico Lease Sale 182. The March 15 Gulf of Mexico Newsletter had a good wrapup of this recent sale, along with a complete review of companies winning blocks. The report notes that operator interest in the sale, held March 20 in New Orleans, was down substantially from the previous Central Gulf Lease Sale 178, Part 1. The government received 697 bids on 506 blocks, down 83 bids from the last sale, which logged 780 bids on 547 blocks. The total of high bids is also off significantly. The decline in bidding appears to be due to depressed oil/gas prices.
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