DOI Reaps $110M In Gulf Of Mexico Oil Lease Auction

Law360, New York (August 20, 2014, 3:23 PM EDT) -- ConocoPhillips Co. and Chevron Corp. were among the top bidders in the $110 million reaped by the U.S. Department of Interior for oil and gas drilling leases covering over 430,000 million acres in the Gulf of Mexico off the Texas coast, the agency said Wednesday.

A total of 14 energy companies made 93 bids in an auction that offered up to 21.6 million acres in the western Gulf. Chevron put up the most winning cash — nearly $26 million in high bids, followed by ConocoPhillips Co....
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