Offshore O&G Lease Sale: Small Companies Stay Away in Droves

By: Steve Maley (Diary)  |  December 18th at 05:33 PM  | 

On Wednesday of the week just past, the Department of the Interior conducted the first sale of oil and gas leases in the Gulf of Mexico since BP’s Macondo oil spill. Measured by the statistics touted in Interior’s press release, the sale would appear to be a rousing success: NEW ORLEANS – The Department of the Interior’s Bureau of Ocean Energy Management announced that its | Read More »

Tepid response expected in today’s Gulf of Mexico Lease Sale

By: Steve Maley (Diary)  |  March 18th at 09:44 AM  | 

This morning, bids will be opened for Lease Sale 208, an offering of Federal mineral leases in the central Gulf of Mexico. Early indications are that a relatively low number of blocks have received bids, and there are relatively few blocks with multiple bids. This morning’s Lease Sale 208 will offer 6,200 blocks in the central Gulf of Mexico, covering more than 33.5 million acres | Read More »