U.S. Government to Sell Natural Gas Leases in Gulf

CBS News reported that U.S. government plans to sell oil and natural gas leases in the central Gulf of Mexico off the coasts of Louisiana, Mississippi and Alabama.

As quoted in the market news:

The government is offering 7,434 tracts covering about 38 million acres. As of Tuesday, 593 bids were submitted by 48 companies for 454 tracts.

Click here to read the full CBS News report.