Saturday, August 31, 2024

Interior Proposes Region-Wide Oil and Gas Lease Sale for All of the Gulf of Mexico Unleased Acreage

Deputy Secretary of the Interior David Bernhardt and Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank announced that BOEM proposes to offer 78 million acres for a region-wide lease sale scheduled for March 2019. The sale would include all available unleased areas in federal waters of the Gulf of Mexico. Lease Sale 252 will include approximately 14,696 unleased

Driller Likes GOM Rock Better than Permian Rock, Unloads Permian Interests for $56 Million

Gulf of Mexico driller W&T Offshore, Inc. (ticker: WTI) has agreed to divest its ownership in overriding royalty interests in the Permian Basin for $56.8 million.  WTI said and it expects to close the Permian transaction on or before October 1. W&T Offshore also has successfully drilled an exploration well from the South Timbalier 311 platform that is part of the Ewing Bank 910 field.  The

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