MMS Issues Final Notice of Western Gulf Lease Sale 192
|Thursday, July 15, 2004
The final notice of Lease Sale 192 for offshore oil and gas in the Western Planning Area of the Gulf of Mexico has been published in the Federal Register. The Minerals Management Service estimates the sale, scheduled for August 18, 2004 in New Orleans, Louisiana, could result in production of 136 to 262 million barrels of oil and 0.81 to 1.44 trillion cubic feet of natural gas.
The sale area encompasses 3,907 available blocks on 21.2 million acres of federal land offshore Texas and Louisiana. The blocks are located from nine to about 210 miles offshore in water depths of four to more than 3,425 meters.
The final notice introduces recent changes that were not included in the proposed notice of Lease Sale 192, published March 25, 2004. These revisions are:
Other noteworthy matters in this final notice are:
In addition to the naval mine warfare area and protected species lease stipulations, this final notice includes previously adopted lease stipulations relative to topographic features, military areas, and Law of the Sea Convention royalty payment. The final notice also contains a requirement that every bidder submit, by the bid submission deadline, a geophysical data and information statement identifying any processed or reprocessed pre- and post-stack depth migrated geophysical data and information in its possession or control and used in the evaluation for each block upon which they are participating as a bidder.
Complete sale notice packages, including the Notice, sale maps and supporting documents, are available from the MMS Gulf of Mexico Region Public Information Unit; telephone (800) 200-GULF or (504) 736-2519; or by written request to:
Minerals Management Service
Gulf of Mexico OCS Region
Public Information Unit (MS 5034)
1201 Elmwood Park Boulevard
New Orleans, Louisiana 70123-2394
Lease Sale 192 is scheduled for August 18, 2004, in the Versailles Ballroom of the Hilton New Orleans Riverside Hotel, Two Poydras Street, New Orleans, Louisiana.
Statistical Information for Lease Sale 192:
Size: 3,907 unleased blocks; 21.2 million acres
5 years for blocks in water depths less than 400 meters: 1,823 blocks
8 years for blocks in water depths of 400 to 799 meters: 375 blocks
10 years for blocks in water depths of 800 meters or deeper: 1,709 blocks
Minimum Bonus Bid Amount:
$25.00 per acre or fraction thereof for water depths less than 400 meters: 1,823 blocks
$37.50 per acre or fraction thereof for water depths 400 meters or deeper: 2,084 blocks
Rental/Minimum Royalty Rates:
$5.00 per acre or fraction thereof for water depths less than 200 meters: 1,623 blocks
$7.50 per acre or fraction thereof for water depths 200 meters or deeper: 2,284 blocks
16-2/3% royalty rate in water depths less than 400 meters: 1,823 blocks
12-1/2% royalty rate in water depths 400 meters or deeper: 2,084 blocks
Royalty Suspension Areas:
0 to 199 meters: 1,623 blocks
400 to 799 meters: 375 blocks
800 to 1599 meters: 968 blocks
1600 meters and deeper: 741 blocks