BOEM Lease Sale Bodes Well For Deepwater Future

Matthew Rigdon, Executive VP and COO

November 18th marked the end US Bureau of Ocean Energy Management’s (BOEM) lease sale no. 256. This was the first lease sale since March of this year and the results provide a positive long-term outlook for the offshore oil and gas industry in the US GOM. With broad participation, the results of the lease were significantly better that…