Eastern Planning News Today

Hess reported $413 million in net income for the fourth quarter of 2023.

The latest lease sale for acreage in the Gulf of Mexico under the Biden administration has gathered nearly $382.2 million in high bids.

BOEM is publishing a final notice to hold the next offshore oil and gas lease sale for acreage in the Gulf of Mexico (GOM) in September 2023.

The latest oil and gas lease sale for acreage in federal waters in the Gulf of Mexico gathered nearly $264 million in high bids.

The Bureau of Ocean Energy Management (BOEM) has announced the results of Gulf of Mexico Lease Sale 259, which generated $263,801,783 in high bids for 313 tracts covering 1.6 million acres in federal waters of the Gulf of Mexico.

Thirty-two companies participated in the first U.S. offshore natural gas and oil auction in almost two years on Wednesday, with producers vying for

Chevron U.S.A. Inc. offered seven of the 10 highest bids for drilling rights in a Gulf of Mexico auction Wednesday.

Bureau of Ocean Energy Management (BOEM) will publish the Proposed Notice of Sale (PNOS) for an oil and gas lease sale in the Gulf of Mexico, which is scheduled to be held in September 2023. Gulf of Mexico Oil and Gas Lease Sale 261 would offer approx. 13,620 blocks on 73.4 million acres on the U.S. Outer Continental Shelf in the Western, Central, and Eastern Planning Areas.

Skyrocketing oil prices caused by Russia’s war on Ukraine and Biden’s war on hydrocarbons present the Gulf of Mexico E&P industry with a conflicting brew of circumstances.