oil and natural gas http://wwno.org en Gulf Oil and Gas Leases Go On Sale http://wwno.org/post/gulf-oil-and-gas-leases-go-sale <div><p>The federal government is set to sell off oil and natural gas leases in the central Gulf of Mexico off the coasts of <font color="red">Louisiana</font>, Mississippi and Alabama.</p><p>The sale, taking place in the Superdome, starts at 9 a.m. CDT and ends at noon, when the U.S. Department of the Interior is expected to announce the results.</p><p>The government is offering 7,434 tracts covering about 38 million acres. As of Tuesday, 593 bids were submitted by 48 companies for 454 tracts.</p><p>The blocks are located from three to about 230 miles offshore.</p> Wed, 20 Jun 2012 19:02:35 +0000 The Associated Press 14228 at http://wwno.org