Lease Sale 247 for oil and gas parcels in the Gulf of Mexico garnered $274,797,434 in high bids for 163 tracts covering 913,542 acres in the Central Planning Area of the Outer Continental Shelf offshore from Louisiana, Mississippi and Alabama. A total of 28 offshore energy companies submitted 189 bids. The sum of all bids received totaled $315,303,884.
The lease sale, which included all unleased and nonprotected areas in the Central Gulf of Mexico Planning Area, is the final sale to be held in the Gulf of Mexico under the current Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five Year Program).
For more information, visit www.Doi.gov or call (504) 731-7815.