Gulf of Mexico Oil & Gas Lease Sale Nets Nearly $110 Million in High Bids

The Interior Department recently announced the results of Western Gulf of Mexico Lease Sale 238  offshore Texas.  The lease sales garnered ~$110 million in high bids for 81 tracts covering more than ~434,000 acres. Of the 167 blocks available for lease that are located or partially located within 3 statute miles of the maritime and continental… More »

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… More »

U.S. House Passes Comprehensive Energy Legislation

In a 229-185 vote, the U.S. House of Representatives recently passed H.R. 4899 (“Lowering Gasoline Prices to Fuel an America That Works Act of 2014”). The bill in part would expand U.S. offshore oil and gas production (including through required lease sales in Virginia, South Carolina, and Southern California), expand revenue-sharing to states outside the… More »

Tuesday in Washington

Tuesday in Washington: Prayers to the Families and the City of Boston: While Members of Congress and the public await additional briefings and information on the bombings, both the House and the Senate will be in session today.  Following the tragedy in Boston, the legislative agenda for the week will be in flux.  However, Committees… More »