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Date ArticleType
8/13/2018 Member News
Gulf of Mexico oil lease auction to test response to Trump-era rules (Subscription Required)

Gulf of Mexico oil lease auction to test response to Trump-era rules

A federal auction of exploration leases in the Gulf of Mexico next week will test energy companies' appetite for acreage after the Trump administration left royalty rates for deepwater parcels unchanged, bucking an industry call to lower them.

The U.S. Gulf of Mexico has faced waning interest in recent years as competition stepped up from other basins globally, as well as from onshore shale basins and Mexico's waters in the Gulf.

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https://www.eenews.net/energywire/2018/08/13/stories/1060093889