Article - 18 March 2010 Issue

US Gulf oil and gas lease sale draws interest despite shortened terms

A total of 67 companies submitted more than $1 billion worth of bids for the latest US Minerals Management Service's (MMS) Gulf of Mexico oil and gas License Sale 213 held this week in New Orleans, a substantial increase over the 2009 sale. The sum of all bids received totalled $1.3 billion.

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