Global explorers placed a total of $178 million in high bids at Wednesday's offshore oil and gas lease sale for the US Gulf, with modestly higher competition seen for a handful of blocks.
That compared to high bids of $124.7 million for the last area-wide Sale 250 held in March and $121.1 million from Sale 249 held last August, according to the US Bureau of Ocean Energy Management (BOEM).
