Bureau of Ocean Energy Management October 17, 2014 – Federal Register Recent Federal Regulation Documents
Results 1 - 2 of 2
Notice of Availability of the Proposed Notice of Sale (NOS) for Central Gulf of Mexico Planning Area (CPA) Outer Continental Shelf (OCS) Oil and Gas Lease Sale 235 (CPA Sale 235)
BOEM announces the availability of the Proposed NOS for proposed CPA Sale 235. This Notice is published pursuant to 30 CFR 556.29(c) as a matter of information to the public. With regard to oil and gas leasing on the OCS, the Secretary of the Interior, pursuant to section 19 of the OCS Lands Act, provides affected States the opportunity to review the Proposed NOS. The Proposed NOS sets forth the proposed terms and conditions of the sale, including minimum bids, royalty rates, and rental rates.
Modifications to the Bid Adequacy Procedures
The Bureau of Ocean Energy Management (BOEM) is giving notice of its intent to change a criterion and to clarify selected definitions in its existing Bid Adequacy Procedures for ensuring receipt of Fair Market Value (FMV) on Outer Continental Shelf (OCS) oil and gas leases. In particular, BOEM proposes to remove the ``Number of Bids Rule'' that is currently applicable in Phase 1 of the Bid Adequacy Procedures. A copy of current procedures, ``Modifications to the Bid Adequacy Procedures,'' published at 64 FR 37560 on July 12, 1999, can be obtained from the BOEM Web site at https://www.boem.gov/Oil-and-Gas- Energy-Program/Leasing/Regional-Leasing/Gulf-of-Mexico-Region /Bid- Adequacy-Procedures.aspx. BOEM invites comments during a 45-day comment period following publication of this notice.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
