Gulf lease sale attracts $244 million in high bids

Chevron teamed up with Fieldwood for the lease sale bidding process. Chevron photo.

Yesterday’s Gulf of Mexico Lease Sale 252 generated $244 million in high bids for 227 tracts covering 1.26 million acres in federal waters of the Gulf. Thirty companies took part in the lease sale, submitting almost $284 million in total bids, Department of the Interior officials said.

The lease sale included 14,699 unleased blocks, located from three to 231 miles offshore, in the Gulf’s western, central and eastern planning areas in water depths ranging from 9′ to more than 11,115′ (three to...

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