Gulf of Mexico oil and gas lease sales booming

Oil and gas lease sales for federal waters in the Gulf of Mexico have garnered more than $872 million in high bids on 329 tracts covering 1,707,358 acres, as the Department of the Interior's Bureau of Ocean Energy Management (BOEM) offered nearly 40 million acres covering tracts in the Central and Eastern planning areas of the Gulf of Mexico, and opened bids from previously offered acreage in the Western planning area.

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