Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development
Green Car Congress
FEBRUARY 14, 2014
Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. BOEM estimates the proposed sale could result in the production of approximately 1 billion barrels of oil and 4 trillion cubic feet of natural gas.
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