Background: BOEM has issued a Proposed NOS for the Gulf of Mexico Outer Continental Shelf Oil and Gas Lease Sale 251 (GOM Sale 251). According to the agency website, GOM Sale 251 includes approximately 14,474 unleased blocks, located from three to 231 miles offshore, in the Gulf of Mexico’s Western, Central, and Eastern planning areas in water depths ranging from nine to more than 11,115 feet. The Proposed NOS sets forth the proposed terms and conditions of the sale, including minimum bids, royalty rates, and rental rates. Note, however, that the terms and conditions outlined for GOM Sale 251 are not final. Different terms and conditions may be employed in a Final NOS, which will be published within 30 days of the bid opening.
- Affected states have 60 days to comment on the size, timing, and location of this proposed sale. Bid opening is currently scheduled for April 15, 2018
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