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  1. BOEM to offer 47 million acres in Lease Sale 247

    Offshore staff NEW ORLEANS  – The Bureau of Ocean Energy Management (BOEM) has announced that it will offer approximately 47 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Central Planning Area (CPA) of the Gulf of Mexico. Proposed Central Gulf of Mexico Lease Sale 247, scheduled to take place in New Orleans in March 2017, will be the twelfth offshore sale under the Administration’s Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five Year Program). Lease Sale 247 will include approximately 8,878 blocks, located from three to about 230 miles offshore, in water depths ranging from nine to more than 11,115 ft (3 to 3,400 m). The BOEM says that the sale will build on eleven sales, already held in the current Five Year Program, that have netted more than $3 billion to date. The proposed terms of the sale include conditions to ensure both orderly resource development and protection of the human, marine and coastal environments. These include stipulations to protect biologically sensitive resources, mitigate potential adverse effects on protected species and avoid potential conflicts associated with oil and gas development in the region. BOEM says that its proposed economic terms include a range of incentives to encourage diligent development and ensure a fair return to taxpayers. The BOEM also said that the terms and conditions outlined for Sale 247 in the Proposed Notice of Sale are not final. Different terms and conditions may be employed in the Final Notice of Sale, which will be published at least 30 days before the sale. All terms and conditions for Central Sale 247 are detailed in the Proposed Notice of Sale information package, which is available at: http://www.boem.gov/Sale-247/. Copies of the PNOS maps can be requested from the Gulf of Mexico Region’s Public Information Unit at 1201 Elmwood Park Boulevard, New Orleans, LA 70123, or at 800-200-GULF (4853). The Notice of Availability of the Proposed Notice of Sale will be available tomorrow for inspection in the Federal Register at: www.boem.gov/81-FR-63803/ and will be published in the Sept. 16, 2016 Federal Register. The announcement of Lease Sale 247 follows on the announcement of Lease Sales 250 and 251 , tentatively scheduled for 2018. 09/23/2016 

    Online Articles

    Online Articles

    Fri, 23 Sep 2016

  2. Oil and Gas: Helis Oil & Gas halts St Tammany Parish drilling project

    Helis Oil & Gas Co. has abandoned its plans to drill in St. Tammany Parish.

    Online Articles

    Online Articles

    Wed, 21 Sep 2016

  3. Oil and Gas News: US rig count down 2 this week to 506

    The number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 506.

    Online Articles

    Online Articles

    Fri, 16 Sep 2016

  4. Oil & Gas News: US rig count up 11 this week to 508; Louisiana up 8

    The number of rigs exploring for oil and natural gas in the U.S. increased by 11 this week to 508.

    Online Articles

    Online Articles

    Fri, 9 Sep 2016

  1. White Deer Energy acquires RockPile Energy Services

    Online Articles

    Online Articles

    Fri, 9 Sep 2016

  2. OGA funding UK offshore frontier studies

    The Oil & Gas Authority has awarded more than £0.2 million ($0.26 million) in grants under the final stage of its exploration license competition.

    Online Articles

    Online Articles

    Mon, 15 Aug 2016

  3. Sales tax exemption for manufacturing held inapplicable for oil and gas equipment, but questions remain

    Southwest Royalties, Inc. v. Hegar addresses the applicability of a sales tax exemption for property sold for use in manufacturing or processing in the context of oil and gas production. Although the taxpayer, an oil and gas production company, ultimately lost, as it had at the agency, trial court, ...

    Online Articles

    Online Articles

    Fri, 12 Aug 2016

  4. U.S. rig count up 17 this week to 481, Texas up 13

    The number of rigs exploring for oil and natural gas in the U.S. increased by 17 this week to 481.

    Online Articles

    Online Articles

    Fri, 12 Aug 2016

  5. Western Gulf of Mexico lease sale yields $18 million in high bids

    The Bureau of Ocean Energy Management reports that the Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico planning area.

    Online Articles

    Online Articles

    Wed, 24 Aug 2016

  6. Egypt offers auction of oil and gas exploration concessions

    Reuters reports that Egyptian General Petroleum Corp. (EGPC) and Egyptian Natural Gas Holding Co. (EGAS) announced Dec. 30 an international auction for 22 concessions for oil and gas exploration in accordance with production-sharing agreements.

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    Online Articles

    Tue, 31 Dec 2013

  7. TGS, BGP partner for oil and gas exploration seismic surveys offshore Madagascar

    Two firms have started 2-D seismic, gravity and magnetic surveys offshore Madagascar to gather data for oil and gas exploration companies interested in drilling in the region.

    Online Articles

    Online Articles

    Mon, 11 Nov 2013

  8. Norway opens more of the Arctic for oil and gas exploration

    The Norwegian parliament has opened an offshore Arctic zone in the eastern Barents Sea for oil and gas exploration .

    Online Articles

    Online Articles

    Fri, 21 Jun 2013

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