Skip to main content

Oil companies offer $382M for drilling rights in Gulf of Mexico

WASHINGTON (AP) — Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration's plans to scale back the sale to protect an endangered whale species.

The auction was the last of several offshore oil and gas lease sales mandated under the 2022 climate law. It comes as President Joe Biden's Democratic administration tries to …

PO Box 910 | 238 Market Street | Jennings, LA 70546 | 337.824.3011
PRINT ISSN 3069-4949
ONLINE ISSN 3069-4957