Deputy Secretary of the Interior Kate MacGregor and the Bureau of Ocean Management’s acting director Walter Cruickshank announced Wednesday that region-wide Gulf of Mexico Lease Sale 256 generated $120.8 million in high bids for 93 tracts covering 517,733 acres in federal waters of the Gulf of Mexico. A total of 23 companies participated in the lease sale, submitting $135.5 million in total bids.
Lease Sale 256 included 14,862 unleased blocks located from three to 231 miles offshore, in the...