BOEM to proceed with planned Gulf oil, gas lease sale

01/26/2012 | FuelFix.com

The Bureau of Ocean Energy Management proposed an offshore oil and natural gas lease covering 38 million acres of parcels in the central Gulf of Mexico. The sale, which would be the second in the Gulf since the 2010 oil spill, could produce 1 billion barrels of oil and 4 trillion cubic feet of gas, according to BOEM estimates. "We are moving forward with this sale based on careful analysis of the best scientific information available and consideration of all of the public comments we have received," said BOEM Director Tommy Beaudreau.

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