Search Results for keywords:"Lease Sale 257"

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Search Results: keywords:"Lease Sale 257"

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  • 2021-01251 — Gulf of Mexico, Outer Continental Shelf (OCS), Oil and Gas Lease Sale 257
    Type:Notice
    Citation:86 FR 6365
    Reading Time:about 10 minutes

    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.

  • 2021-03259 — Gulf of Mexico, Outer Continental Shelf, Oil and Gas Lease Sale 257
    Type:Notice
    Citation:86 FR 10132
    Reading Time:about a minute or two

    The Bureau of Ocean Energy Management (BOEM) announced that they are canceling the Record of Decision for the Gulf of Mexico Outer Continental Shelf Oil and Gas Lease Sale 257. This decision is in response to Executive Order 14008, which pauses new oil and gas leasing on public lands and offshore waters until a comprehensive review is completed. The lease sale was initially planned to occur on March 17, 2021, but is now halted. BOEM may consider the lease sale again after the review and could issue a new decision in the future.

    Simple Explanation

    The government decided not to go ahead with a plan to let companies look for oil in the Gulf of Mexico right now, because they're checking how it might affect the environment.