DOI Prepares For Sale Of 20M-Acre Offshore Oil Lease

Law360, Houston (October 25, 2012, 6:49 PM EDT) -- The U.S. Department of the Interior’s Bureau of Ocean Energy Management on Thursday released the final details for an offshore lease sale that will make available more than 20 million acres off the Texas coast for oil and gas drilling.

The BOEM released a final notice of sale for its first offshore lease sale under the Obama administration’s new Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017, a five-year leasing plan announced in June, which claims to make 75 percent of recoverable energy resources...
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