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Gulf Land Leases Put Vast Oil and Gas Potential in Gulf
In the Gulf of Mexico off Louisiana nearly 100 leases await federal approval amid estimates of 20 million to 1 billion dollars in value. Last major lease brought 510 million for 744000 acres as drilling firms fund prospecting and credit lines amid Environmental Protection Agency doubts and posturing to delay sales. The Gulf area south of Cameron, Louisiana already yields 12 percent of U.S. oil and gas and has burned for days after a deadly fire near Shell Ridge.
MENTIONED IN THIS ARTICLE
New Orleans
Gulf of State
Co. Id
Lana
Louisiana
Environmental Protécten Éncy Sould
Camera “la
Sheli Rng
Ottenlane
Gales Eich