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Biden administration auctions off 1.7M acres for Gulf drilling in last offshore oil lease sale until 2025

The Biden administration has auctioned off the rights to drill for oil and gas on 1.7 million acres in the Gulf of Mexico in what will be the last offshore drilling auction it holds until 2025. Companies will pay a total of more than $380 million for the rights to drill on 311 tracts in… ....

Gulf Of Mexico , United States , Holly Hopkins , Kristen Monsell , American Petroleum Institute , Inflation Reduction Act , Biological Diversity , Offshore Drilling , Gulf Of Mexico , American Petroleum Institute , Biden Administration , Offshore Sales , Il And Gas Industry ,