|
Posted: 1:00 PM Mar 17, 2010
Gulf lease sale draws $949.3 million in high bids
With oil prices up $30 a barrel from last year, energy companies issued $949.3 million in high bids for federal offshore petroleum leases off the coasts of Louisiana, Mississippi and Alabama.
|
|
Font Size:
NEW ORLEANS (AP) - With oil prices up $30 a barrel from last year, energy companies issued $949.3 million in high bids for federal offshore petroleum leases off the coasts of Louisiana, Mississippi and Alabama.
The Minerals Management Service says 67 companies submitted 642
bids on 468 tracts in the central Gulf of Mexico. Crude oil closed
Tuesday at $81.70 per barrel.
Last year, oil was around $50 a barrel - and the sale attracted 476 bids on 348 tracts. That sale garnered $703 million in winning bids.
In 2008, with oil well above $100, the sale set a record $3.67 billion in high bids.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
More Stories
WTVY.com Features
 |
Get the ingredients you need to cook with Rach all week long. |
 | |
 |
Today's Hits, Classics & Soaps. Don't miss an episode. |
| |
 |
Full length exclusive concerts from hot artists. |
| |
 |
Fitness Tips Lose Weight, Get Fit with Michele |
| |
 |
Take a break! Classic Pacman, Frogger, Asteroids and more. |
| |
 |
FREE Listings Sell almost anything locally. |
| |
