36 million acres to be offered at offshore sale

AP News
Posted: Nov 13, 2009 3:35 PM

The federal Interior Department is putting up nearly 36 million offshore acres for the annual sale of petroleum leases in the Central Gulf of Mexico.

The department says the region could produce up to 1.3 billion barrels of oil and 5.4 trillion cubic feet of natural gas.

The federal Minerals Management Service has scheduled the sale tentatively for March 17 in New Orleans.