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Wed Nov 28, 2012, 03:03 PM

All of the Gulf of Mexico Just Got Sold. [View all]



TOMORROW: Obama Administration To Offer More Than 20 Million Acres in Western Gulf of Mexico for Oil and Natural Gas Exploration and Development

November Sale Will Offer All Available Unleased Areas in the Western Gulf of Mexico, Only Latest in a Series of Recent Major Offshore Oil and Gas Sales

11/27/2012

Contact: Blake Androff (DOI) 202-208-6416
John Filostrat (BOEM) 504-731-7815


WASHINGTON – Tomorrow, as part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale that will make more than 20 million offshore acres available, and represents all unleased areas in the Western Gulf of Mexico Planning Area. The Western Gulf of Mexico Lease Sale builds on two major Gulf of Mexico lease sales in the past year alone, a 21 million acre sale held last December and a 39 million acre sale held in June.

“At President Obama’s direction, his Administration continues to implement a comprehensive, all-of-the-above energy strategy, expanding domestic production, reducing our dependence on foreign oil, and supporting jobs,” said Interior Secretary Ken Salazar. “Developing public energy resources in the Gulf of Mexico continues to generate much needed revenue for local communities while helping to power our nation and fuel our economy.”

The lease sale will be held on November 28, 2012 at 9:00 AM CDT, at the Mercedes-Benz Superdome in New Orleans, Louisiana—and supports the Administration’s goal of continuing to increase domestic oil and gas production, which has grown each year the President has been in office, with domestic oil production in 2011 higher than any time in nearly a decade and natural gas production at its highest level ever. Foreign oil imports now account for less than 50 percent of the oil consumed in America – the lowest level since 1995.

Tomorrow’s offshore lease sale will be the first held under the Administration’s new Outer Continental Shelf Oil and Gas Leasing Program for 2012–2017 (Five Year Program), which makes available for exploration and development all of the offshore areas with the highest conventional resource potential that together include more than 75 percent of the Nation’s undiscovered, technically recoverable offshore oil and gas resources. BOEM also recently announced that the next Central Gulf of Mexico lease sale, proposed Lease Sale 227, will take place on March 20, 2013, making 38 million acres available.

more:
http://www.doi.gov/news/mediaadvisories/tomorrow-obama-administration-to-offer-more-than-20-million-acres-in-western-gulf-of-mexico-for-oil-and-natural-gas-exploration-and-development.cfm
http://www.dailykos.com/story/2012/11/28/1165343/-All-of-the-Gulf-of-Mexico-Just-Got-Sold

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kpete Nov 2012 OP
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