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Vol. 13, No. 12 Week of March 23, 2008
Providing coverage of Alaska and northern Canada's oil and gas industry


Two-decade high for Gulf sale

Central Gulf of Mexico oil and gas lease sale draws record $3.67B in high bids

Ray Tyson

For Petroleum News

Bidders went on the mother of all shopping sprees at the Central Gulf of Mexico Lease Sale 206 on March 19, shelling out a record $3.67 billion in apparent high bids on 615 oil and gas exploration tracts. They even managed to outspend, by a huge margin, last year’s $2.8 billion extravaganza, at the....

    [additional news subjects in this story]

Price, newly available tracts

Highly competitive sale

Hess biggest spender


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