The Gulf isn't all the way back, after the first oil and gas lease sale for the central Gulf of...

|By:, SA News Editor

The Gulf isn't all the way back, after the first oil and gas lease sale for the central Gulf of Mexico since the BP spill draws a "less than robust" $1.7B in winning bids from energy companies. Just 6% of tracts available for lease received bids, vs. 7% in a 2010 central Gulf lease sale and an average of 9% over the previous five central Gulf sales. (also)