U.S. Gulf of Mexico Oil, Gas Lease Sale Yields $160 Million in Bids
The U.S. Interior Department announced that its Gulf of Mexico oil and gas lease sale held on Aug. 21 generated $159.4 million in high bids for 151 tracts covering about 835,000 acres, down from the previous sale, which drew about $244.3 million. The region-wide lease sale offered 77.8 million acres, including all available unleased areas…