Federal offshore oil lease sale set for March

Published October 17, 2014 7:55pm ET



NEW ORLEANS (AP) — Oil and gas leases for 40 million acres off the coasts of Louisiana, Mississippi and Alabama will be offered by the federal government in a March sale at the Superdome in New Orleans, the Bureau of Ocean Energy Management said Friday.

The sale will include approximately 7,611 blocks, covering 40.5 million acres, located from three to 230 nautical miles offshore.

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