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Offshore oil bids soar for Atlantic Coast leases
The oil industry bid about 1.13 billion dollars to search Atlantic Coast tracts, far above Interior estimates of 400 to 1,000 million. Exxon led with about 348.5 million on 34 tracts, while a Mobil-led group bid 107.7 million on a tract. Court actions delayed opening until Marshall denied a block, with leases 45 to 90 miles off the coast from New York to Virginia.
MENTIONED IN THIS ARTICLE
New York
Interior Department
Atlantic
Supreme Court
Thurgood Marshall
Mike Basile
Interior
Statler Hilton ‘Hotel
Long Island
New Jersey
Delaware
Maryland
Virginia
Exxon Corp
Exxon
Mobil Oil Corp
Gulf of Mexico
Thomas S. Kleppe
California
Snd
Gulf of Alaska
Kleppe
U.S. Court of Appeals Court
New York State
Marshall