The Bureau of Ocean Energy Management (BOEM) has released a Record of Decision regarding the proposed oil and gas Lease Sale 257 in the Gulf of Mexico. This decision highlights BOEM's preferred plan, known as Alternative A, which would allow leasing of most unleased areas in the Gulf, except for certain protected zones and areas with ongoing legal issues. The lease sale is expected to cover approximately 79.7 million acres, potentially yielding up to 1.118 billion barrels of oil and 4.424 trillion cubic feet of natural gas. Additionally, BOEM has adopted various environmental and operational stipulations to protect sensitive underwater features and ensure responsible development.
Simple Explanation
The Bureau of Ocean Energy Management has decided to allow companies to look for oil and gas in almost all parts of the Gulf of Mexico, while making sure important underwater areas stay safe. They have some special rules to help protect the ocean and the animals that live there.