Region-wide

76 Million Acres Offered in Gulf of Mexico Region-Wide Oil and Gas Lease Sale

U.S. Secretary of the Interior Ryan Zinke today announced that the Department would offer 75.9 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development. The region-wide lease sale scheduled for August 16, 2017 would include all available unleased areas in federal waters of the Gulf of Mexico and provide a reduced royalty rate for shallow water leases to encourage exploration and production under current market conditions.