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Big oil find in Gulf promises more coastal restoration funding

(The Center Square) — A well yielding “high-quality” oil discovered off the Louisiana coast in the Gulf of America by a partnership of three international energy companies should boost the state’s tax revenues for coastal restoration beginning as early as 2027.

Houston-based Occidental Petroleum and partners Chevron and Woodside Energy discovered high-quality oil-bearing Miocene sands at a depth of…

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