The Bureau of Ocean Energy Management (BOEM) announced last week that Gulf of Mexico Lease Sale 256 generated $120.8M in high bids for 93 tracts covering 517,733 acres in federal waters. A total of 23 companies participated in the lease sale, submitting $135.5M in total bids. Lease Sale 256 included 14,862 unleased blocks located from three to 231 miles offshore, in the Gulf’s Western, Central and Eastern Planning Areas in water depths ranging from 9-feet to more than 11,115 feet. Lease Sale 256, which was live-streamed from New Orleans, was the seventh offshore sale held under the 2017-22 National Outer Continental Shelf Oil and Gas Leasing Program. (Source: Work Boat 11/19/20) Gulf of Mexico lease sale brings in over $120 million in high bids | WorkBoat
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