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Oil, gas lease sale starts new era in Gulf energy production

— Auction of oil and gas drilling rights in the Gulf of America for the first time since 2023 was held Wednesday in New Orleans, marking a key milestone in the Trump administration’s effort to unleash energy production in federal waters.

Statistical reports on the Bureau of Ocean Energy Management website show 26 companies submitted 219 bids spread across 1.02 million acres, representing about 1.3%…

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