Oil Inventory: Auction for Oil and Gas Lease Sees Uptick
OIL INVENTORY REPORT – The most recent major auction for oil and gas leases in the US Gulf of Mexico gained $244 million in high bids. This shows an uptick in interest from drillers that are seeking the region’s cheap prices. Companies submitted bids on1.26 million acres out of the 78.5 million acres (31.77 million …
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