The U.S. Department of the Interior’s Minerals ManagementService (MMS) received more than $741.85 million in 486 bids duringthe Western Gulf of Mexico Lease Sale No. 171. Winning or high bidstotaled $553.4 million for 402 blocks.
Articles from Management
After less than two years as president of NGC Corp., TomMatthews is leaving the company for an organization he considers anon-traditional utility, Washington Water Power (WWP). He said thecompany he will run as CEO and chairman of the board is among abouta half dozen utilities that have been “inventive and creative” inresponding to deregulation.
The Minerals Management Service (MMS) report’s conclusion that amandatory royalty in-kind (RIK) program for royalty collectionwould cost the federal government up to $374 million annually inlost revenues was “deeply flawed,” according to an industry-backedstudy of the agency’s analysis.