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A coming oil crash? Offshore permits hit 19-year low under Biden

An E&E News analysis of data since the George W. Bush era reveals a steady decline in permitted oil wells, raising questions about the industry's future.

E&P Highlights: Sept 18, 2023

Arena Energy wins seven leases in Gulf of Mexico to develop offshore oil, natural gas projects

Arena was the successful high bidder on seven leases in Lease Sale 259 held on held May 29, 2023. These leases totaling 34,965 acres range in water depth from 62 to 217 ft in the Gulf of Mexico, off the coasts of Texas and Louisiana in the Eugene Island, Main Pass, and Matagorda Island areas.

GoM: Arena Energy awarded seven blocks in Lease Sale 259, adding over 34,000 acres to existing footprint on Gulf of Mexico Shelf

GoM: Arena Energy awarded seven blocks in Lease Sale 259, adding over 34,000 acres to existing footprint on Gulf of Mexico Shelf
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