Home » NEWS » Energy » Interior Department to sell offshore gas leases in June

Interior Department to sell offshore gas leases in June

GULF OF MEXICO — The Department of Interior says it has set a June date for the next Gulf offshore oil and natural gas lease sale.

The sale will include all available unleased areas in the Central Planning Area offshore Louisiana, Mississippi and Alabama.

The sale will take place in New Orleans on June 20.

The proposed lease sale includes approximately 7,250 unleased blocks covering nearly 38 million acres.

The blocks are located from three to about 230 miles offshore, in water depths ranging from nine to more than 11,115 feet in the central Gulf of Mexico.

Federal officials estimate the region contains close to 31 billion barrels of oil and 134 trillion cubic feet of natural gas that are currently undiscovered and technically recoverable.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*