Brace yourself. The U.S. Gulf Coast is about to become awash in welcomed and maybe not-so-welcomed activities that share an interesting parallel. Reese Energy Consulting today is studying the latest news out of the Gulf of Mexico, which now finds itself in full get-crackin’ mode for peak Hurricane season. The latest tropical storm is expected to make landfall next Wednesday somewhere near the Texas-La., border. Two others are gathering steam right behind it before the season officially ends in mid-October. The federal oil and gas leasing program has been officially declared undead with the year’s first auction slated for…October. The auction cancelled in March offered offshore lease sales with a portion of the revenues earmarked for La., which it uses for, among other things, hurricane protection. The irony here isn’t lost on us. Meanwhile, the Houston Ship Channel just announced it will award the first contract for a $1.1 billion expansion to dredge and widen the nation’s busiest port to accommodate more vessel traffic in…October. Batten down the hatches.
What do you think? Learn more about REC and our range of natural gas and LNG services and expertise at www.ReeseEnergyConsulting.com.