U.S. Department of the Interior
Minerals Management Service
Gulf of Mexico OCS Region
|
|
U.S. Department of the Interior |
| FOR RELEASE: | August 25, 1998 | Barney Congdon | |||
| (504) 736-2595 |
|||||
| Caryl Fagot | |||||
| (504) 736-2590 |
|||||
News Desk Alert:
Lease Sale 171 Receives 486 Bids on 402 Tracts
The U.S. Department of the Interior's Minerals Management Service announced at 10 a.m. today that it has received 486 bids on 402 tracts offered in the Western Gulf of Mexico Lease Sale 171.
Comparative Western Lease Sales |
||
| Sale 168 |
September 27, 1997 |
1,224 bids on 804 tracts |
| Sale 161 |
September 25, 1996 |
929 bids on 617 tracts |
| Sale 74 |
August 24, 1983 |
773 bids on 436 tracts |
| Sale 122 |
August 27, 1989 |
676 bids on 488 tracts |
| Sale 84 |
July 18, 1984 |
593 bids on 402 tracts |
| Sale 112 |
August 12, 1987 |
519 bids on 367 tracts |
| Sale 171 |
August 26, 1998 |
486 bids on 402 tracts |
| Sale 125 | August 22, 1990 | 465 bids on 307 tracts |
Lease Sale 171 will take place tomorrow, August 26, 1998, at 9 a.m., Grand Ball Rooms A, B, and C, Hyatt Regency Hotel, 500 Poydras Street, New Orleans, Louisiana. In addition, the Offshore Oil Scouts Association will sponsor live radio coverage to be broadcast on stations:
| WTUL (91.5 FM) in New Orleans |
KNON (89.3 FM) in Dallas |
| KRVS (88.7 FM) in Lafayette | KTSU (90.9 FM) in Houston |
The 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 last year disbursed about $6 billion 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