Companies are bidding on oil leases in the Gulf of Mexico that could produce 1 billion barrels of oil over the next 50 years
Published
Companies have offered bids on more than 2,600 square miles (6,700 square kilometers) of federal oil and gas leases in the Gulf of Mexico in a sale mandated by last year’s climate bill compromise. Wednesday’s auction is the first in more than a year and is expected to draw interest from major oil…
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