Bureau of Ocean Energy Management March 15, 2023 – Federal Register Recent Federal Regulation Documents

The Bureau of Ocean Energy Management (BOEM) announces the availability of the Proposed Notice of Sale (Proposed NOS) for the proposed Gulf of Mexico (GOM) Outer Continental Shelf (OCS) Oil and Gas Lease Sale 261 (GOM Lease Sale 261). GOM Lease Sale 261 is required by the Inflation Reduction Act of 2022. BOEM is publishing this notice pursuant to its regulatory authority. Pursuant to section 19 of the OCS Lands Act the Secretary of the Interior provides Governors of affected States and the executive of any affected local government the opportunity to review and comment on the Proposed NOS. The Proposed NOS describes the proposed size, timing, and location of the sale, including lease stipulations, terms and conditions, minimum bids, royalty rates, and rental rates.