Oil companies bid for leases in Gulf of Mexico

BP was the high bidder in 11 of them. Here, two under construction offshore oil platform rigs in Port Fourchon, La., June 14, 2010.

A somewhat curious follow-up in the oil spill off the Gulf of Mexico last year and Thomas Thwaites' quest for a bucket of crude oil from BP.

The Interior Department held a big auction of oil leases in the Gulf of Mexico today -- first in a good, long while. BP was the high bidder in 11 of them. $27 million, the balance due on that one.

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Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.

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