[USA] “Interior Announces Region-Wide Oil and Gas Lease Sale for Gulf of Mexico”

(Department of the Interior, 12 July 2018)

Deputy Secretary of the Interior (DOI), David Bernhardt, recently announced that the Department of the Interior (DOI)’s will open up 78 million offshore acres spanning Texas, Louisiana, Mississippi, Alabama, and Florida –titled Lease Sale 251- for the exploration and development of oil and gas resources. This regional-lease will include “all available unleased areas in federal waters of the Gulf of Mexico.” This strategy is in line with Trump’s “America-First Offshore Energy Strategy.” It is speculated that the Gulf of Mexico holds around 48 billion barrels of “undiscovered technically recoverable oil and 141 trillion cubic feet of undiscovered technically recoverable gas.” Vincent DeVito, Counselor to the Secretary for Energy Policy, stated that US energy production can be both competitive and environmentally safe – and this lease will allow the US to have a secure energy future.

Source: https://www.doi.gov/pressreleases/interior...