MMS expects ‘subdued’ bidding at Gulf lease saleMarch 17 Sale 190 to offer 4,324 unleased blocks, new incentives for gas drilling on GOM Continental Shelf Ray Tyson Petroleum News Houston Correspondent
Commodity prices are strong. Explorers are flush with cash. And the federal government is offering attractive incentives to encourage drilling. These are key ingredients for a blockbuster Gulf of Mexico oil and gas lease sale. But don’t expect one when bidders gather March 17 in New Orleans, La.
“Th....
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2003 sale netted $297.6 million Some blocks could draw because of deep gas plays Deep-gas drilling incentives expanded Deep dry holes also qualify for relief
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