BOEM proposes lease sale for nearly 77 million acres in Gulf of Mexico. The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) on Tuesday proposed what it claims is the largest oil and gas lease sale ever held in the United States. “In today’s low-price energy environment, providing the offshore industry access to the maximum amount of opportunities possible is part of our strategy to spur local and regional economic dynamism and job creation and a pillar of President Trump’s plan to make the United States energy dominant,” Interior Secretary Ryan Zinke said in a written statement. “And the economic terms proposed for this sale include a range of incentives to encourage diligent development and ensure a fair return to taxpayers.” According to the BOEM website, the unit of the Interior Department anticipates livestreaming the results of Proposed Lease Sale 250 from New Orleans on March […]