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Third Gulf oil lease auction in eight months brings in $82.7M

(The Center Square) — The federal government’s auction of offshore oil leases in the Gulf of America on Wednesday brought in $82.7 million in high bids, as participating companies showed strong interest in waters just off the south Texas coast and ultra-deepwater areas.

The Marine Minerals Administration’s third auction of Gulf acreage in eight months, Big Beautiful Gulf 3 (BBG3), took place at the…

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