Items Tagged with 'bids'

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Bidding Robust in Latest Alaska Lease Sales

The total of high bids in the latest northern Alaska oil and gas lease sales -- $59.7 million -- is the third-highest amount received in state history, according to officials. Competition for tracts was high, they said following the sales on Wednesday. Read More

GOM Auction Draws Fewer, but Well Financed, Seasoned Operators

More than 40 producers offered 383 bids with high bids totaling $850.8 million to secure leaseholds in the Central and Western Gulf of Mexico (GOM), mostly for deepwater prospects, the Bureau of Ocean Energy Management said Wednesday. However, there were no bids in the Eastern GOM auction, the first in eight years. Read More