Arena Energy Awarded Seven Blocks in GOM Lease Sale 259

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(Arena, 14.Sep.2023) — Arena Energy, LLC, an independent oil and gas exploration company focused on the Gulf of Mexico Shelf, recently announced it was awarded seven leases by the Bureau of Ocean Energy Management (BOEM) in Lease Sale 259 .

Arena was the successful high bidder on seven leases in Lease Sale 259 held on held May 29, 2023. These leases—totaling 34,965 acres—range in water depth from 62 to 217 feet in the Gulf of Mexico off the coasts of Texas and Louisiana in the Eugene Island, Main Pass, and Matagorda Island areas.

Mike Minarovic, CEO of Arena Energy, said “Arena Energy continues to grow and lead the offshore oil and natural gas industry on the Gulf of Mexico Shelf. We look forward to investing in and developing these leases and again applaud Chairman Joe Manchin for requiring that BOEM conduct Lease Sale 259 in the Inflation Reduction Act. Lease sales are the lifeblood of continued production in the U.S. Gulf of Mexico where we produce the cleanest barrels in the world.”

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ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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