U.S. Gulf of Mexico oil, gas lease sale yields $121 million in high bids

17 August 2017, Washington — A sale of oil and gas leases in U.S. waters in the Gulf of Mexico generated $121.14 million in high bids for 90 tracts covering 508,096 acres (205,619 hectares), Interior Secretary Ryan Zinke said on Wednesday. The sale, the first by the Trump administration, offered 76 million acres (30 million […] More »