The Bureau of Ocean Energy Management reduced the available territory by 6.4 million acres following a legal settlement with environmentalists to safeguard potential habitat of one of the world’s most endangered types of whales.
The Sept. 27 auction — currently the last offshore oil sale planned by the US government — is set to be just above a 60-million-acre threshold mandated by the Inflation Reduction Act. A five-year plan for selling new offshore oil and gas leases in US waters expired June 30, and the bureau has not finalized a new one.
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