US to sell Gulf of Mexico leases for oil, gas production | Louisina Oil & Gas Association
The U.S. Interior Department said Thursday it plans to offer about 20 million acres of the Gulf of Mexico for oil and gas production next month, as the Obama administration’s energy policies face more scrutiny ahead of national elections in two weeks.
The Nov. 28 lease sale, three weeks after the presidential election, will involve terrain off the Texas coast and is the first auction held under the administration’s 2012 through 2017 leasing plan.
Officials said that the sale, combined with two sales in the Gulf of similar scope in the last 12 months, were meant to strengthen the country’s energy security.