MMS Issues Final Notice for GOM Sale 181

The U.S. Department of the Interior's Minerals Management Service published the Final Notice of Sale for Eastern Gulf of Mexico Sale 181 in the October 26th Federal Register. The lease sale will be held at 9 a.m., December 5, 2001, in the Versailles Ballroom of the Riverside Hilton Hotel, 2 Poydras Street, New Orleans, Louisiana 70130.

The sale area encompasses 256 blocks in the Eastern Gulf of Mexico Outer Continental Shelf planning area and covers about 1.47 million acres. At present, 23 blocks in this area are under lease. Blocks in this sale are located from 100 miles offshore from the Alabama-Florida state line and over 285 miles from Tampa, Florida. Estimates of undiscovered conventionally recoverable hydrocarbons in the sale area are 1.25 trillion cubic feet of natural gas and 185 million barrels of oil.