HIGHER GAS PRICES FUEL OCS SALE 142 BIDDING

A. D. Koen Gulf Coast News Editor Higher U.S. wellhead gas prices fueled participation at last week's federal offshore lease sale after more than 3 years of declining interest. Sixty companies at Minerals Management Service Outer Continental Shelf (OCS) Sale 142 offered 262 bids totaling more than $86 million for 200 tracts in the central Gulf of Mexico. Apparent winning bids submitted during the sale in New Orleans totaled slightly more than $69 million.

Mar 29th, 1993
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