INTEREST IN ULTRADEEPWATER TRACTS LAGS IN GULF OF MEXICO SALE 125

A.D. Koen Gulf Coast News Editor Declining interest in ultradeepwater prospects marked the eighth areawide western Gulf of Mexico federal lease sale in New Orleans last week. In overall bidding terms, Outer Continental Shelf Sale 125 also fell well short of western gulf Sale 122 in August 1989. Companies exposed a total of $240,912,246 in Sale 125. Apparent high bids totaled $162,442,246. In Sale 122, companies exposed $382,977,309 and had apparent high bids totaling $263,753,883.

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