U.S. Gulf oil lease sale yields $124 million in winning bids: BOEM

(Reuters) - The U.S. Interior Department's record-size Gulf of Mexico oil and gas lease sale yielded $124.76 million in high bids, Interior's Bureau of Ocean Energy Management said on Wednesday.
BOEM said it received a total of 159 bids on 148 blocks, from some 33 companies. Spokesman Mike Celata characterized the results of the sale as "positive".
(Writing by Richard Valdmanis)
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 21 2018 | 9:32 PM IST
