$244M in GoM lease sale

March 20's Gulf of Mexico Lease Sale 252 generated $244M in high bids for 227 tracts covering 1.26M acres in federal waters of the GoM. Thirty companies took part in the lease sale, submitting almost $284M in total bids, Department of the Interior officials said. The lease sale included 14,699 unleased blocks, located from three to 231 miles offshore, in the Gulf’s western, central and eastern planning areas. The sale totals reflect a trend toward increased high bids from the lease sales over the last two years. (Source: Work Boat 03/21/19)