Jared Dowdy is an undergraduate student at Texas A&M University and is pursuing his Bachelor of Business Administration degree in Finance. He will continue his education by obtaining a Masters in Financial Management after graduation. Jared joined the RBN Energy team as a Market Analyst intern in the summer of 2020. He is a part of Group XI in the Trading, Risk & Investments Program in the Mays Business School.
In a normal year, the autumn months would be filled with the smell of brisket at a tailgate barbecue and the sound of college football fans cheering in their favorite team's stadium. But with the college football stadiums largely empty due to COVID-19, is there something that could fill the void? Well, maybe. The Bureau of Ocean Energy Management (BOEM) a couple months back issued a notice proposing Lease Sale 256 for oil and gas exploration of 78.8 million acres in the Gulf of Mexico (GOM). You will probably not be able to find the announcement of the lease sale on ESPN this November, but you will be able to tune into the livestream set in New Orleans. Today, we describe the process for bidding and acquiring lease acreage in the Gulf of Mexico.
