Carbon capture and storage played a large role in Lease Sale 257, which recorded a bumper crop of bids from oil and gas producers Nov. 17 for drilling rights in the US Gulf of Mexico. NOf the 317 bids the Bureau of Ocean Energy Management received – the highest since 2014 – about 140 of them were for tracts located in shallow waters of the Texas and Louisiana coast, inexpensive areas with depleted oil and gas reserves. “The oil and gas reserves in those areas are pretty much tapped out at this point, so it’s hard for me to imagine a company going in there with the idea of producing more oil and gas,” said Hugh Daigle, a petroleum researcher and professor […]