As U.S. oil companies show a new brand of fiscal discipline even as oil prices continue to climb, oil companies spent nearly $192 million on drilling rights in the Gulf of Mexico on Wednesday, according to a press release from the U.S. Department of the Interior’s Bureau of Ocean Energy Management. Wednesday’s Gulf of Mexico Lease Sale 257 brought in $191.
7 million in high bids for 308 tracts covering 1.7 million acres in federal waters in the Gulf of Mexico. The money received for the tracts—including high bids and rental and…Largest Offshore Drilling Auction In U.S. History Kicks Off With $192M In Bids
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