U.S. largest ever offshore oil & gas lease sale set for March

The U.S. Department of the Interior will in March hold what it says is the largest oil and gas lease sale in U.S. history.

Deputy Secretary of the Interior David Bernhardt said on Friday that the Department would offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.

The department said that the region-wide lease sale, which is the largest in U.S. history, is scheduled for March 21, 2018, and will include all available unleased areas in federal waters of the Gulf of Mexico.

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