U.S. Department of the Interior
Minerals Management Service
Gulf of Mexico OCS Region



FOR RELEASE: March 17,1998 CONTACT: Barney Congdon
(504) 736-2595

John Romero
(504) 736-2775

News Desk Alert:

Central Gulf of Mexico Lease Sale 169 Receives 1,188 Bids on 794 Tracts

The U.S. Department of the Interior's Minerals Management Service announced at 10 a.m. today that it has received 1,188 bids on 794 tracts offered in the Central Gulf of Mexico Lease Sale 169.

Comparative Lease Sales
Sale 166March 19971,790 bids on 1,032 tracts
Sale 157April 19961,381 bids on 924 tracts
Sale 22December 19701,043 bids on 127 tracts
Sale 72May 19831,015 bids on 656 tracts
Sale 113March 1988931 bids on 684 tracts
Sale 152May 1995880 bids on 588 tracts

Lease Sale 169 will take place tomorrow, March 18, 1998, at 9 a.m. at the Hyatt Regency Hotel, 500 Poydras Plaza, New Orleans, Louisiana.

MMS is the Federal Agency that manages the Nation’s oil and gas and other mineral resources on the OCS and collects, accounts for, and disburses about $6 billion yearly in revenues from Federal offshore leases and Federal and Indian onshore mineral leases.

-MMS-GOM-

MMS's Website Address: www.mms.gov
24 Hour Fax-on-Demand Service: 202-219-1703