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W&T Claims High Bid in Gulf Auction



By AP
20 March 2008 @ 10:23 am EST

HOUSTON - Oil and natural gas company W&T Offshore Inc. said Thursday it is the apparent high bidder for four Outer Continental Shelf drilling regions in the Gulf of Mexico.

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If the bid is accepted, W&T Offshore said it will pay about $3.3 million for the drilling regions.

Bids are subject to approval by the Minerals Management Service, a unit of the U.S. Department of the Interior.

Copyright 2008 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

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