Federal oil lease sale draws $102.4M in high bids

ConocoPhillips has $50.3M in high bids for tracts off Texas coast.

By JANET McCONNAUGHEY Published: August 29, 2013

NEW ORLEANS — ConocoPhillips Co. had $50.3 million in high bids, including the day’s highest single bid of $30.5 million, in the second-smallest federal oil lease sale for tracts off the Texas coast since area-wide sales began in 1983.

Overall, a dozen...

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