OCS Oil Leases

mikemike · 06-20-2012, 06:30 AM

The first auction since the BP oil spill for OCS Oil & Gas leases are going down in about 30 minutes. These leases will be for permits to drill in the same kind of conditions that BP was unable to control a little over two years ago and in waters up to twice as deep.

Sigh... At least some portion of this money will actually be used for coastal restoration.

Salazar to announce results of central Gulf oil and gas lease sale in New Orleans Wednesday | NOLA.com

Chevron Among 48 Bidders Seeking U.S. Leases Near BP Spill Site - Bloomberg

Quote:

With oil trading about $80 a barrel on global markets, the Gulf of Mexico is the world’s most profitable place to produce oil, because other nations set higher taxes on oil companies, said Fadel Gheit, an analyst at Oppenheimer & Co. in New York.

“Whether it’s the U.K., whether it’s Algeria, Nigeria, West Africa, Russia, anywhere you go, the effective tax rate is very high,” Gheit said in an interview. The Gulf “is well developed, the whole area is basically very-well mapped, there are not too many surprises, the industry has all the services needed.”

jeffkrol · 06-20-2012, 09:34 AM

Originally posted by mikemike

The first auction since the BP oil spill for OCS Oil & Gas leases are going down in about 30 minutes. These leases will be for permits to drill in the same kind of conditions that BP was unable to control a little over two years ago and in waters up to twice as deep.

Sigh... At least some portion of this money will actually be used for coastal restoration.

Salazar to announce results of central Gulf oil and gas lease sale in New Orleans Wednesday | NOLA.com

Chevron Among 48 Bidders Seeking U.S. Leases Near BP Spill Site - Bloomberg

GEE and I thought the US has SUCH a high tax rate.. or so "they" say.......

06-20-2012, 06:30 AM	#1
mikemike Inactive Account Join Date: Apr 2010 Location: New Orleans Photos: Gallery Posts: 3,053	OCS Oil Leases The first auction since the BP oil spill for OCS Oil & Gas leases are going down in about 30 minutes. These leases will be for permits to drill in the same kind of conditions that BP was unable to control a little over two years ago and in waters up to twice as deep. Sigh... At least some portion of this money will actually be used for coastal restoration. Salazar to announce results of central Gulf oil and gas lease sale in New Orleans Wednesday \| NOLA.com Chevron Among 48 Bidders Seeking U.S. Leases Near BP Spill Site - Bloomberg Quote: With oil trading about $80 a barrel on global markets, the Gulf of Mexico is the world’s most profitable place to produce oil, because other nations set higher taxes on oil companies, said Fadel Gheit, an analyst at Oppenheimer & Co. in New York. “Whether it’s the U.K., whether it’s Algeria, Nigeria, West Africa, Russia, anywhere you go, the effective tax rate is very high,” Gheit said in an interview. The Gulf “is well developed, the whole area is basically very-well mapped, there are not too many surprises, the industry has all the services needed.”

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06-20-2012, 09:34 AM	#2
jeffkrol Veteran Member Join Date: Sep 2006 Location: Wisconsin USA Photos: Gallery Posts: 8,434	Originally posted by mikemike The first auction since the BP oil spill for OCS Oil & Gas leases are going down in about 30 minutes. These leases will be for permits to drill in the same kind of conditions that BP was unable to control a little over two years ago and in waters up to twice as deep. Sigh... At least some portion of this money will actually be used for coastal restoration. Salazar to announce results of central Gulf oil and gas lease sale in New Orleans Wednesday \| NOLA.com Chevron Among 48 Bidders Seeking U.S. Leases Near BP Spill Site - Bloomberg GEE and I thought the US has SUCH a high tax rate.. or so "they" say.......