El Paso part of record lease sale by University of Texas

摘要

Houston-Big upstream/midstream company El Paso said September 23 it was the winning bidder for tracts covering 123,100 acres in a record lease sale held this week by the University of Texas. The Midland, Texas, auction was held September 22. It took in high bids totaling $207 million-four times as much as the previous record of $52 million in 1980, Jerry Patterson, chairman of the Permanent University Fund's Board for Lease of University Lands, said in a statement put out by the Texas General Land Office.