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Oil And Gas Lease Auction Sets Revenue Record


(Lansing, MI)  --  The state set a record with an oil and gas lease auction of state-owned land this week, bringing in 178-million dollars.  The previous high was 23-point-six million, set in 1981.  State officials said the total nearly eclipsed all previous since 1929 combined, which have collected 190-million.  Department of Natural Resources and Environment Director Rebecca Humphries said the auction shows the, quote, "future of oil and gas exploration in Michigan looks very bright."  

-Metro News