WASHINGTON, D.C. – Sen. John Kennedy (R-La.) announced today that the largest oil and gas lease sale in U.S. history is scheduled to be livestreamed from New Orleans in March. Proposed Lease Sale 250 encompasses 76,967,935 acres of waters, including blocks off Louisiana, Texas, Mississippi, Alabama and Florida.
“This is exactly the type of job-creating activity that the oil and gas industry needs,” said Sen. Kennedy. “This lease sale is an economic bonanza for Louisiana and makes us less dependent on foreign oil. The last lease sale generated $121 million in high bids. That translates into countless jobs, especially for Acadiana. Our oil and gas families want to work. They just need the jobs.”