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You are here News Energy U.S. opens Gulf acreage to energy companies

U.S. opens Gulf acreage to energy companies

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new energy leases in GulfMore than 20 million acres off the coast of Texas were opened up for bidding for energy explorers Wednesday in New Orleans, the U.S. government said.

John Rodi, regional director for the Bureau of Ocean Energy Management, opened the auction for 21 million acres for oil and gas development in New Orleans.

BOEM said Lease Sale 238 offers more than 4,000 tracts ranging from nine miles to 250 miles off the Texas coast. Water depths range from 16 to more than 10,975 feet.

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