Gulf Sale 192 draws $171.4 million in apparent high bids

Apparent high bids totaling $171.4 million were offered for 351 offshore tracts at Lease Sale 192 for the western Gulf of Mexico, the US Minerals Management Service reported.MMS officials received 421 bids totaling $197.4 million from 54 companies at the sale. Deep gas was of interest to the bidders. Of the 351 tracts receiving bids, 135 were in less than 200 m of water.In the latest sale, MMS offered 3,907 blocks covering 21.2 million acres in the western gulf's Outer Continental Shelf planning area off Texas and Louisiana.MMS Gulf of Mexico Regional Director Chris Oynes called the sale "the best western gulf sale in 6 years in terms of the number of bids received and the number of t...

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