The former BP engineer, Kurt Mix, is accused of deleting more …
In this May 5, 2010 file photo, shrimp boats are used to collect oil with booms in the waters of Chandeleur Sound, La. (AP Photo/Eric Gay, File)
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BP and a team of plaintiffs' attorneys have presented a federal…
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US auctions 1st offshore tracts since oil spill
ConocoPhillips has submitted the largest bid
Updated: Wednesday, 14 Dec 2011, 12:59 PM EST
Published : Wednesday, 14 Dec 2011, 7:46 AM EST
NEW ORLEANS (AP) — The federal government's first auction of offshore petroleum leases in the Gulf of Mexico since the Deepwater Horizon oil spill disaster has drawn $337.7 million in winning bids.
Petroleum explorers have bid on 191 tracts in the western Gulf off the coast of Texas.
With natural gas prices low and the United States awash in the fuel, most of the bidding is centered on deepwater sites targeted for oil exploration. Twenty companies have issued 241 bids across the western Gulf totaling $712.7 million.
ConocoPhillips has submitted the largest bid. The Houston energy company will pay $103.2 million for a deepwater tract.
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