Largest Oil and Gas Lease Sale Set to Take Place in New Orleans

Largest Oil and Gas Lease Sale Set to Take Place in New Orleans

Texas Mutual

The U.S. Department of the Interior (DOI) announced on October 24 that they would be accepting bids for an offshore oil and gas area which roughly equates to the size of New Mexico. The 77-million-acre lot, located in the Gulf of Mexico, is expected to fetch approximately $120 million for…

Subscription Required

You must be a member to access this content.

View Subscriptions

Already a member? Log in here
Author Profile
Digital Content Manager
3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

Related posts