US oil and gas auction sparks lukewarm bidding from weakened drillersNews
FILE PHOTO: A drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S. February 10, 2019. Photo taken February 10, 2019 . REUTERS / Nick Oxford / File Photo
(Reuters) – A large auction of federal oil and gas leases in New Mexico ended on Thursday, attracting far less interest from drillers than recent sales in the state, results show…