Record-size U.S. offshore oil lease sale draws modest bidding

(Reuters) – The largest lease sale in American history in the offshore Gulf of Mexico yielded $124.76 million dollars in winning bids from drillers on Wednesday, a modest response to the Trump administration’s effort to pump up investment in the region.


Source: Reuters

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>