US Sets Largest Offshore Oil, Gas Lease Auction For March

The Trump administration on Feb. 16 said it would offer the largest oil and gas offshore auction in U.S. history on March 21 for areas in federal waters off the Gulf Coast, less than a year after a similar sale yielded little corporate interest. The Interior Department said it would offer 77.3 million acres (31.3 mln hectares) offshore Texas, Louisiana, Mississippi, Alabama and Florida for oil and gas development, an auction that includes all available unleased areas in the Gulf of Mexico. The blocks are from 5 km to 372 km (3 miles to 231 miles) offshore and in waters 3 m to 3,390 m (9 ft to 11,115 ft) deep. The department announced the auction in October, without an exact date. The sale is in support of President Donald Trump's so-called America First Offshore Energy Strategy, which aims to reduce energy imports and boost jobs in the industry.
Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/us-sets-largest-offshore-oil-gas-lease-auction-for-march/