[GGP] Positive Signs From the Recent Gulf of Mexico Offshore Oil and Gas Lease Sale
The recent Gulf of Mexico lease sale offering by United States Department of the Interior was viewed by many commentators as less than a success. The 77 million acres on offer, drew bids on 148 lease tracts covering about 815,400 acres—approximately 1% of the acreage on offer.
A new commentary from the Columbia University Center on Global Energy Policy, non-resident fellow Tommy Beaudreau sees the lease sales as being in fact relatively healthy, reflecting trends in offshore development strategies and recent market conditions. Beaudreau outlines key takeaways from Lease Sale 250, and explains the results of the sale and what it means for the future of the offshore industry in the United States.
The statements, opinions and data contained in the content published in Global Gas Perspectives are solely those of the individual authors and contributors and not of the publisher and the editor(s) of Natural Gas World.