Federal Onshore Oil And Gas Leasing Hearing Before the Subcommittee On Mineral
Federal Onshore Oil And Gas Leasing Hearing Before the Subcommittee On Mineral
United States Congress Senate Committee On Ener
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So you have got authority for that. What I am telling you is that if we have got to continue a Feder- al policy of confusion and this weird way of letting people adver- tise, as Senator Bumpers described here earlier today, the ads run- ning, well, put in your $75 and we will get your name in the pot so maybe it will drawn up. Apparently you want to continue that. I thought Senator Bump- ers was ready to quit on that. But apparently he wants to continue it too. I am not in favor of that. And I ...do not know where you are coming with your $20 minimum. I guess that it over-the-counter too. Is that right? $20 minimum over-the-counter? 83 Mr. BuRFORD. No, sir. Senator Melcher. Oh. You would be $1 over-the-counter. Mr. BuRFORD. Yes, sir. Senator Melcher. All right. That clarifies that point for me. The way you kept mentioning $20, I thought it was $20 minimum over- the-counter too. Mr. BuRFORD. No, sir. Senator Melcher. If they want to bid on it, and they want to bid $20 and higher, fine. Otherwise, we are going to drop it back into the lottery.
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