Thursday, October 04, 2007

Record Oil and Gas Lease Sale Attracts $2,904,321,011

Record Oil and Gas Lease Sale Attracts $2,904,321,011: "NEW ORLEANS — A Federal sale of offshore oil and natural gas leases in the Central Gulf of Mexico attracted $2,904,321,011 in high bids today, the second highest total of high bids in U.S. leasing history. The sale underscores the Gulf’s continuing importance as a vital source of domestic energy production for the Nation."

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