Date Set for Western Gulf of Mexico Lease Sale

The Interior Department’s Bureau of Ocean Energy Management has announced that BOEM will hold Western Gulf of Mexico Lease Sale 238 in New Orleans, LA on Wednesday, August 20.

The lease sale will offer ~4,026 blocks covering ~21.6 million acres in federal waters located 9-250 miles offshore Texas and Louisiana in water depths ranging from 16 to over 10,975 feet.  BOEM estimates that the sale could generate the production of 116-200 million barrels of oil and 538 to 938 billion cubic feet of natural gas.