Western GOM Oil, Gas Lease Sale Opens Wednesday
U.S. Department of the Interior
Secretary of the Interior Dirk Kempthorne will officially open the Minerals Management Service’s Outer Continental Shelf (OCS) oil and gas Lease Sale 207 for the Western Gulf of Mexico at 9 a.m. CDT, Wednesday, August 20, 2008 in New Orleans, Louisiana. Secretary Kempthorne will open and read the first bid.
At the conclusion of the sale, at approximately 11 a.m., Secretary Kempthorne will host a press conference to announce the final bid total as well as the significance of this sale to the nation’s current energy discussion.
Who: Secretary of the Interior Dirk Kempthorne
C. Stephen Allred, Assistant Secretary, Land and Minerals Management
Randall Luthi, Director, Minerals Management Service
What: Secretary Kempthorne opening and closing of the Western Gulf of Mexico Lease Sale 207
When: August 20, 2008: 9 a.m. CDT for opening remarks and first bid reading;
Approximately 11 a.m. CDT for press conference.
Where: Royal Sonesta Hotel New Orleans: Regal Suite (1st Floor), 300 Bourbon St.
New Orleans, La.
Media: Media representatives unable to attend the Lease Sale in New Orleans may
participate in the press conference at 1-800-857-9037. The passcode is:
5856280.
Background Information:
Lease Sale 207 includes 18 million acres in the Western Gulf of Mexico. Historically the Western Gulf lease sales are not as active in bidding as Central Gulf sales but it should be noted:
C. Stephen Allred, Assistant Secretary, Land and Minerals Management
Randall Luthi, Director, Minerals Management Service
What: Secretary Kempthorne opening and closing of the Western Gulf of Mexico Lease Sale 207
When: August 20, 2008: 9 a.m. CDT for opening remarks and first bid reading;
Approximately 11 a.m. CDT for press conference.
Where: Royal Sonesta Hotel New Orleans: Regal Suite (1st Floor), 300 Bourbon St.
New Orleans, La.
Media: Media representatives unable to attend the Lease Sale in New Orleans may
participate in the press conference at 1-800-857-9037. The passcode is:
5856280.
Background Information:
Lease Sale 207 includes 18 million acres in the Western Gulf of Mexico. Historically the Western Gulf lease sales are not as active in bidding as Central Gulf sales but it should be noted:
- This is the first sale since President Bush lifted the executive ban on OCS leasing. The national focus has shifted to the potential of increased offshore energy production, which will continue to be under a strict regulatory regime of safety and environmental safeguards.
- The Sale is an excellent backdrop to better inform the current discussion about energy production in the United States. Sales such as this are the first step in what is normally a lengthy process to explore and develop offshore oil and gas resources.
- But even after a company invests up to a billion dollars or more in a lease during pre-production activities and spends several years engaged in multiple inspections, reviews, and strict government oversight, there’s a very real possibility that no amount of oil or natural gas will be found or produced.
- Secretary Kempthorne earlier this month announced the initial steps of a new Five-Year Outer Continental Shelf Oil and Gas Leasing Program that could provide a significant advantage for the next administration, offering options two years earlier than the current Five Year Program.
Secretary Kempthorne earlier this month announced the initial steps of a new Five-Year Outer Continental Shelf Oil and Gas Leasing Program that could provide a significant advantage for the next administration, offering options two years earlier than the current Five Year Program.
RELATED COMPANIES
Company: US Department of the Interior more info
Most Popular Articles
- Brand Finance Ranks Most Valuable, Strongest Oil and Gas Brands
- Canacol Makes New Gas Discovery in Colombia's Magdalena Basin
- Egypt Plans to Meet Summer Fuel Needs with LNG Imports
- FortisBC Denies Gas Greenwashing as Suit Awaits
- Credit Agricole Helps NGP Secure Funds for Fishery-Solar Projects in Taiwan
- Oil and Gas Executives Predict WTI Oil Price
- Industry Protests Proposed Methane Fee Guidelines for O&G Facilities in US
- Exxon, Cnooc Merge Guyana Arbitration Claims Against Chevron
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- USA Oil and Gas Job Figures Jump
- Blockchain Demands Attention in Oil and Gas
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension