Next Gulf of Mexico oil lease sale to be Aug. 15

April 1, 2018

The federal government will offer 77.3 million acres in the Gulf of Mexico for oil and gas exploration and development on Aug. 15.

An Interior Department statement Friday said the lease sale will include all 14,474 unleased tracts. They’re in water 3 to 231 miles (5 to 370 kilometers) offshore, and in water from 9 feet to more than 2 miles (three to 3,400 meters) deep...

Read entire article at AP News.


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