Skip to main content

BOEM scheduled to hold fresh Gulf of Mexico oil and gas lease sale (US)

The Bureau of Ocean Energy Management (BOEM) in the United States has published the Final Notice of Sale (FNOS) and Record of Decision (ROD) for Gulf of Mexico Oil and Gas Lease Sale 261 in the Federal Register. BOEM plans to conduct the lease sale on 27 September 2023. Lease Sale 261 will offer approximately 12,395 blocks on around 67 million acres (27 million hectares) on the US Outer Continental Shelf in the Western, Central, and Eastern Planning Areas in the Gulf of Mexico.

In March 2023, 32 companies took part to the Gulf of Mexico Oil and Gas Lease Sale 259, which offered more than 13,600 unleased blocks totalling 73 million acres (30 million hectares) in the Gulf’s Western, Central and Eastern Planning Areas. It generated a total of US$264m in high bids for 313 tracts. Chevron, ExxonMobil and BP were among the top buyers. The BOEM awarded 299 leases on tracts covering around 1.6 million acres (0.6 million hectares).