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Tag Archives: gas exploration

First post-spill offshore oil and gas lease auction brings $1.7B

GULF OF MEXICO — The federal government’s first auction of offshore petroleum leases in the same area where the Deepwater Horizon exploded in 2010 brought in $1.7 billion in winning bids yesterday, prompting Interior Department Secretary Ken Salazar to declare great strides are being made to get drilling back on track in the Gulf of Mexico. Salazar called the sale ...

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