Replies to post #75873 on Koil Energy Solutions Inc. (KLNG)

[inflationista]

A total of 53 companies offered $607 million for leases covering 1.8 million acres in federal waters off Texas. About 90% of the tracts the government auctioned off received no bids. The highest bid — $61 million — came from StatoilHydro USA, followed closely by Chevron USA Inc., which offered $52 million for a tract.