Auctioned

Nova Scotia on Monday announced its largest offshore lease sale ever — 7.6 million acres in 11 blocks off the southeastern coast — that are to be auctioned to operators in an area thought to contain about 120 Tcf of natural gas and 8 billion bbl of oil.

More of Pennsylvania’s public lands may be auctioned for natural gas leasing next year after an offering Tuesday on 32,000 acres generated $128.5 million — twice the revenue budgeted.

A report issued by the Interior Department last Thursday calls for an expeditious review of the disputed 77 parcels in Utah, which were auctioned in December and then later withdrawn, to determine whether they should be reoffered to producers for oil and natural gas development. It recommends that reinstatement of certain leases may be appropriate following the review.

A report issued by the Interior Department Thursday calls for an expeditious review of the 77 parcels in Utah, which were auctioned in December and then later withdrawn, to determine whether they should be reoffered to producers for oil and natural gas development. It recommends that reinstatement of certain leases may be appropriate following the review.

In less than an hour’s time Thursday the Bureau of Land Management (BLM) auctioned 31 parcels on 55,186 acres of the prized Roan Plateau in Colorado for natural gas and oil development. How soon development begins, however, is anybody’s guess.

In less than an hour’s time Thursday the Bureau of Land Management (BLM) auctioned 31 parcels on 55,186 acres of the prized Roan Plateau in Colorado for natural gas and oil development. How soon development begins, however, is anybody’s guess.

Responding to protests from the governor and environmental groups, the federal Bureau of Land Management (BLM) office in Wyoming pulled 13 of the 229 parcels scheduled to be auctioned Tuesday. The 13 parcels encompass about 28,500 acres in the Upper North Platte Valley near Encampment and Saratoga, WY.

Enron Corp.’s familiar crooked “E” was auctioned off more than a year ago, and now its storied downtown Houston headquarters soon may belong to someone else. Two years to the day after Enron filed for bankruptcy, the company began taking bids Tuesday on the 55-story building.

Enron Corp. got the go-ahead Wednesday from the U.S. federal bankruptcy judge handling its case to proceed with an auction of its commodities trading operations, setting a Jan. 7 deadline for bids. Enron said it wanted to complete the sale by Jan. 11. Judge Arthur Gonzalez approved expedited procedures to allow Enron to auction hardware, software, employment contracts for traders and other assets.