Low gas prices slow action in Gulf of Mexico

Journal Article · Mon Apr 08 04:00:00 EDT 1991 · Oil and Gas Journal; (USA)

OSTI ID:5597030

Koen, A D

Fears that low gas prices will persist in the U.S. are putting a damper on exploration and development in the Gulf of Mexico. But the gulf's Central and Western areas remain the most accessible parts of the U.S. federal offshore. The Bush administration's Outer Continental Shelf lease sale schedule for 1992-97 retains area-wide leasing for the Gulf of Mexico's two main producing regions. It generally restricts leasing elsewhere. Compared with the current leasing schedule, the proposed plan envisions fewer sales and offers less acreage in each. It follows President Bush's decision last June to delay for at least a decade eight controversial lease sales off the East and West Coasts and in the gulf off Florida.

• OSTI ID: 5597030
• Journal Information: Oil and Gas Journal; (USA), Journal Name: Oil and Gas Journal; (USA) Vol. 89:14; ISSN 0030-1388; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030200* -- Natural Gas-- Reserves
Geology
& Exploration
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
ATLANTIC OCEAN
CARIBBEAN SEA
ECONOMICS
ENERGY POLICY
FORECASTING
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
GULF OF MEXICO
LEASING
MINERAL RESOURCES
NATURAL GAS DEPOSITS
PRICES
RESOURCE DEVELOPMENT
RESOURCES
SEAS
SURFACE WATERS