Leslie Beyer, Assistant Secretary for Land and Minerals Management (ASLM), has stepped down from her post as the leader of the Dept of the Interior’s offshore energy programs. She was the senior official at this month’s BGG1 lease sale, and made strong remarks about the importance of the offshore oil and gas program. Ms. Beyer was confirmed by the Senate in September.
Lanny Erdos, Director, Office of Surface Mining Reclamation and Enforcement, has been named Acting ASLM.
This leaves the offshore energy program without a confirmed Asst. Secretary and with Acting Directors at both BOEM (Matthew Giacona) and BSEE (Kenny Stevens).
The sale was beautifully conducted by BOEM, and Leslie Beyer – Assistant Secretary for Land and Minerals Management, Dept of the Interior – and Matt Giacona, Acting BOEM Director, delivered strong messages in support of the OCS oil and gas program.
However, as a colleague commented just after the sale, it was beautiful but not big. He and I expected more given the time since the last sale and the attractive terms.
Below is a comparison with the previous 3 Gulf sales. More to follow.
Sale No.
257
259
261
BBG1
date
11/17/2021
3/29/2023
12/20/2023
12/10/2025
companies participating
33
32
26
30
total bids
2233
2842
3161
219
tracts receiving bids
2143
2442
2751
181
sum of all bids $millions
198.5
309.8
441.9
371.9
sum of high bids ($millions)
101.7
263.8
382.2
279.4
highest bid company block
$10,001,252.00 Anadarko AC 259
$15,911,947 Chevron KC 96
$25,500,085 Anadarko MC 389
$18,592,086 Chevron KC 25
most high bids company sum ($millions)
46 bp 29.0
75 Chevron 108.0
65 Shell 69.0
50 bp 61.0
sum of high bids ($millions) company
47.1 Chevron
108 Chevron
88.3 Hess
61.0 bp
most high bids by independent
14-DG Expl.
13-Beacon 13-Red Willow
22-Red Willow
14-Murphy
1excludes 36 leases improperly acquired for carbon disposal purposes; 2excludes 69 leases improperly acquired for carbon disposal purposes; 3excludes 94 leases improperly acquired for carbon disposal purposes