The Interior Department said 50 companies bid on 326 blocks in the central gulf, an area where last year's sale brought $1.2 billion in high bids and one in 2012 brought $1.7 billion.
Why doesn’t LOGA demonize landowners and Louisiana citizens, the ones who are suing Big Oil? [Because] no one would sympathize with Big Oil if it wanted to give landowners and citizens “the boot.”
A disturbing trend has taken hold of academia in recent years as Big Oil exerts more and more influence on scholarly research.
Freeport-McMoRan Oil & Gas's high bids made up 37 percent of the $850.8 million total at Wednesday's federal oil lease sale for the central Gulf of Mexico.
Equipment includes more than 3,500 new and late model units valued at more than $250 million.