Gulf sale area on block since early 1980sBidders may have difficulty finding quality tracts in picked over Western Gulf; 3,762 tracts available in Aug. 17 lease sale Ray Tyson Petroleum News Houston Correspondent
With exploration and production companies taking in staggering amounts of cash on the unprecedented strength of commodity prices, there’s no question they could afford to load up on Western Gulf of Mexico oil and gas leases at the annual sale Aug. 17 in New Orleans.
However, after years of areawide....
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Last year’s sale strongest in five years Sale offers 3,762 blocks
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