SUBSALT PROSPECTS ADD ZEST TO GULF OF MEXICO LEASE SALE

A. D. Koen Senior Editor News As expected, a burst of hefty bids for subsalt tracts monopolized the latest U.S. Minerals Management Service lease sale in the Central Gulf of Mexico. Led by a trio of subsalt enthusiasts, companies offered apparent high bids totaling more than $277 million at Outer Continental Shelf Sale 147 Mar. 30 in New Orleans. Combined bonuses of winning offers were more than four times the $69.1 million exposed with high bids 1 year ago at central gulf 0CS Sale 142 (OGJ,

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