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In what looks like a return to offshore drilling, the latest lease sale drew a near record.
An offshore lease sale held in New Orleans Wednesday drew $244.3 million in winning bids, almost double what a similar lease sale in March 2018 drew.
"Today's lease sale shows strong bidding by established companies, which indicates that the Gulf of Mexico will continue to be a leading energy source for our nation long into the future," Interior Assistant Secretary Joe Balash said in a statement.
Read more: Interior reports offshore lease sale doubled from 2018
