Gulf of Mexico lease sale brings in over $120 Million in high bids

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...

https://www.workboat.com/news/offshore/gulf-of-mexico-lease-sale-brings-in-over-120-million-in-high-bids/

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