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Vol. 8, No. 50 Week of December 14, 2003
Providing coverage of Alaska and northern Canada's oil and gas industry


Gulf lease sale draws just $8.376M

Petroleum News

Eastern Gulf of Mexico Lease Sale 189 will go down in history as one of the smallest areawide sales thus far for the Gulf, attracting only 16 bids on 14 tracts and generating just $8.376 million in apparent high bids. The lackluster response to the Dec. 10 sale indicates the best prospects were tak....

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Highest bid at sale $2.23 million


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