Who Really Owns the Gulf of Mexico?

Offshore magazine poster detail

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Who owns the Gulf of Mexico? That’s a question you have to ask while perusing Offshore magazine’s 2010 poster of the Gulf—downloadable here as a large PDF, but well worth checking out. Where most people look at the Gulf, they see a vast marine ecosystem, wetlands, and, until recently, gorgeous beaches.

What energy executives see is a massive grid, tangled with scores of oil and gas pipelines and rival fields with macho names that sound like heavy metal bands, black-diamond ski runs, and weapons systems. (See “Quiz: What Do BP and Kurt Cobain Have in Common?“) Here’s a small detail, slightly blurry, but you get the point. (Red lines are gas pipelines and pink are gas fields, green lines are oil pipelines and green blurbs are oil fields.)
 

How Oil Execs See the Gulf—Map Detail: Black dots are Fourchon (left), and Grand Isle, LouisianaHow energy execs view the Gulf: Black dots are Fourchon (left), and Grand Isle, Louisiana

Next, here’s another map detail from farther offshore. I circled the site of the ongoing BP Deepwater Horizon spill in yellow.

 

Map detail: Mississippi Canyon; BP spill site circled.Map detail: Mississippi Canyon; BP spill site circled.

What these maps really show is the degree to which the Gulf has played host to a feeding frenzy by big energy interests that snap up drilling leases on the cheap. Each of these numbered squares represents a lease site. As you can see from this Offshore magazine chart, the highest bid for a lease this year was about $53 million. Which, when you consider the value of the oil coming out of the Gulf, is chicken feed.  

Lease chart from Offshore magazine

You’ll also note that bids are way down from their peak in 2007-2008, but making a strong comeback. As Offshore notes here (scroll down), 77 companies put in 642 bids on 468 tracts totalling more than 2.4 million acres. But the next lease sale, slated for August 18, is unlikely to go so swimmingly.

UPDATE: Here’s another map that shows more clearly the proportion of the Gulf under lease.

You can find all of our breaking coverage of the BP disaster here.

Follow Michael Mechanic on Twitter.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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