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Code of Federal Regulations Title 30. Mineral Resources § 30.556.309 Does BOEM offer blocks in a sale that is not on the Five Year program schedule (called a Supplemental Sale)?

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) Except as provided in paragraph (c) of this section, BOEM may offer a block within a planning area included in the Five Year program in an otherwise unscheduled sale, if the block:

(1) Received a bid that was rejected in an earlier sale;

(2) Had a high bid that was forfeited in a scheduled sale;  or

(3) Is a development block subject to drainage.

(b) For an unscheduled sale, BOEM may disclose the classification of the block as a development block.

(c) Blocks in the Central or Western Gulf of Mexico Planning Areas cannot be offered in a sale that is not on the schedule.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.556.309 Does BOEM offer blocks in a sale that is not on the Five Year program schedule (called a Supplemental Sale)? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-556-309/

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