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Canceled Gulf of Mexico lease sale is back on the books, thanks to Inflation Reduction Act

Por: The Advocate Business September 17, 2022

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As outlined by the Inflation Reduction Act, the Biden administration on Wednesday acknowledged it is recognizing the results of a Gulf of Mexico oil and gas lease sale from 2021 that .The Bureau of Ocean Energy Management, which oversees the federal government’s offshore leasing program, said in a statement that it has accepted 307 bids totaling more than $189 million from the sale. Originally, the sale produced about $191.6 million in bids... + full article



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