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Posts Tagged ‘Matt Giacona’

Michael Olsen to succeed Matt Giacona as Director of the Marine Minerals Administration

Posted in energy policy, Offshore Energy - General, Regulation, tagged , , , , on September 9, 2026| Leave a Comment »

Matt Giacona
Mike Olsen

Politico is reporting that Michael Olsen has been selected to head the Marine Minerals Administration (MMA), following Matt Giacona’s departure for a position in Halliburton.

I’m not aware of any backstory behind Matt Giacona’s departure. He was well regarded and was providing strong leadership as Acting Director of the consolidated offshore energy bureau.

Managing the offshore program is very difficult and administratively complex, with acrimony and litigation around every corner. Less stress and (presumably) more money may have made the Halliburton opportunity attractive. Best wishes to Matt in his new position!

Mike Olsen has served in a number of positions in Interior and reports have been favorable. BOE wishes him well in leading this nationally important bureau.

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Secretarial Order establishing the Marine Minerals Administration

Posted in energy policy, Offshore Energy - General, Regulation, tagged , , , , , , on July 20, 2026| 1 Comment »

See attached. This is a well written directive. Kudos to the authors.

Retaining the revenue management functions in ONRR is prudent.

There has been no specific announcement regarding the MMA Director, but a quote in the American Samoa lease sale announcement cites Matt Giacona, Acting MMA Director. Congrats to him.

so-marine-minerals-administration_final_508Download

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Gulf of America lease sale BBG1- beautiful, but not particularly big

Posted in energy policy, Offshore Energy - General, tagged , , , , , on December 10, 2025| Leave a Comment »

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.257259261BBG1
date11/17/20213/29/202312/20/202312/10/2025
companies
participating		33322630
total bids223328423161219
tracts receiving bids214324422751181
sum of all bids
$millions		198.5309.8441.9371.9
sum of high bids
($millions)		101.7263.8382.2279.4
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 independent14-DG Expl.13-Beacon
13-Red Willow		22-Red Willow14-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

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