Operators bid $369 million at GoM lease sale

Operators bid $369,496,840 on 282 tracts at Western Gulf of Mexico Oil and Gas Lease Sale 204.

Offshore staff

NEW ORLEANS -- Operators bid $369,496,840 on 282 tracts at Western Gulf of Mexico Oil and Gas Lease Sale 204. Forty-seven companies participated in the sale, which offered 3,338 tracts on 18 million acres offshore Texas.

"The success of this lease sale once again demonstrates industry's commitment and interest in the Gulf," says Randall Luthi, MMS director. "The bidding in this sale is an indicator that the GoM will continue to be a strong source for the nation's energy production in the future."

8/23/2007

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