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Second U.S. Gulf oil, gas lease sale generates $47 million

(The Center Square) — The second auction of oil and gas leases in the Gulf of America since President Donald Trump’s election in 2024 drew almost $47 million in high bids, with 98% of the activity in offshore areas deeper than 800 meters, according to sales results released by the Bureau of Offshore Energy Management.

The Big Beautiful Gulf 2 auction in New Orleans on Wednesday drew 38 bids from 13…

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