Trump’s First Gulf of Mexico Oil Auction Draws $279 Million

The Trump administration’s first oil and gas lease sale in the Gulf of Mexico generated more than $279 million in winning bids from oil companies for 181 tracts in federal waters Wednesday, the Interior Department said.

• Qualified bidders included units of Chevron Corp., Shell PLC, BP PLC, and Repsol S.A., among others
• Thirty companies submitted 219 bids, according to the Interior Department
• NOTE: Trump to Auction Oil, Gas Drilling Rights Across Gulf Next Month

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Ari Natter in Washington at anatter5@bloomberg.net

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