Michigan gas lease sale brings in record amount

摘要

Washington-Bids for natural gas leases on 118,117 acres of state-owned land in Michigan hit a record $178 million May 5 and could point to a future drilling boom in a new shale play, spokesmen for the state and oil and gas industry said May 6. "The auction was historic for the state of Michigan because we made the most money on the bonus and rental payments than any auction we have ever done before," Mary Dettloff, a spokeswoman for the Michigan Department of Natural Resources and the Environment, said.