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Posts Tagged ‘OCS leasing’

Offshore Lease Sale Schedule 

Year Cook Inlet Sale Gulf of America Sales 
2025 — Dec. 10 
2026 March March, August 
2027 March March, August 
2028 March March, August 
2029 — March, August 
2030 March March, August 
2031 March March, August 
2032 March March, August 
2033–2039 — March, August 
2040 — March 

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  • Zero oil production
  • Zero gas production
  • Zero well starts in the past 8 years
  • Zero participation in recent lease sales

CP’s acquisition of Marathon is an endorsement of shale production, most of which is from private lands. Sadly, these historically important OCS operators no longer have an interest in the Federal offshore sector.

Given the potential for long-term, high-rate, and cost-effective production from deepwater wells, it may not be prudent for a US super-major to put all of the corporate eggs in the shale basket and ignore the OCS. However, contrary to the direction provided by the OCS Lands Act, Federal policies seem to encourage industry rejection.

The 5 year plan boasts about offering only 3 mandated lease sales, and punitive executive branch decisions are a continuous threat. Presidential withdrawals and other actions have eliminated 96.3% of the OCS from even being considered for leasing. Production from private onshore lands in supportive States like Texas and North Dakota is very attractive by comparison.

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