WASHINGTON, May 18 (UPI) -- The U.S. government said it will put more than 7,000 oil and natural gas blocks up for auction in a June 20 lease sale for the Gulf of Mexico.
The U.S. Interior Department and Bureau of Ocean Energy Management said more than 38 million acres is up for sale in the June 20 sale planned in New Orleans. The government estimates the sale could result in the production of more than 1 billion barrels of oil and 4 trillion cubic feet of natural gas.