30 C.F.R. § 556.309

Current through October 31, 2024
Section 556.309 - Does BOEM offer blocks in a sale that is not on the Five Year program schedule (called a Supplemental Sale)?
(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.

30 C.F.R. §556.309

81 FR 18152, 3/30/2016