The NewsRoom
Release: #3722
Date: August 22, 2007
Western Gulf of Mexico
Lease Sale 204 Attracts $ 289,953,066 in High Bids
NEW ORLEANS — Western Gulf of
Mexico Oil and Gas Lease Sale 204, held today in New Orleans by the
U.S. Department of the Interior’s Minerals Management Service (MMS),
attracted $ 289,953,066 in high bids. A total of 47 companies
participated in the lease sale, in which MMS received 358 bids on
282 tracts. The sum of all bids received totaled $ 369,496,840. The
sale offered 3,338 tracts comprising approximately 18 million acres
offshore Texas.
“The success of this lease sale once
again demonstrates industry’s commitment and interest in the Gulf,”
said MMS Director Randall Luthi. “The bidding in this sale is an
indicator that the Gulf of Mexico will continue to be a strong
source for the nation’s energy production in the future.”
The high bid for each block will go
through a strict evaluation process to ensure the public receives
fair market value before a lease is awarded.
The top five companies submitting the
highest dollar amount of high bids for Sale 204:
Company |
Number of High Bids
Submitted |
Sum of High Bids
Submitted |
Statoil
Gulf of Mexico LLC |
36 |
$ 138,889,688 |
BP
Exploration & Production Inc. |
91 |
31,015,727 |
Petrobras
America Inc. |
34 |
29,268,100 |
Devon
Energy Production Company, L.P. |
26 |
20,035,500 |
ConocoPhillips
Company |
24 |
12,341,000 |
The top five
companies submitting the highest number of high bids for Sale 204:
Company |
Number of High Bids
Submitted |
Sum of High Bids
Submitted |
BP
Exploration & Production Inc. |
91 |
$ 31,015,727 |
Statoil
Gulf of Mexico LLC |
36 |
138,889,688 |
Petrobras
America Inc. |
34 |
29,268,100 |
Devon
Energy Production Company, L.P. |
26 |
20,035,500 |
ConocoPhillips
Company |
24 |
12,341,000 |
The top five
companies submitting the highest dollar amount of total bids for
Sale 204:
Company |
Number of High Bids
Submitted |
Sum of High Bids
Submitted |
Statoil
Gulf of Mexico LLC |
40 |
$ 143,145,888 |
BP
Exploration & Production Inc. |
108 |
55,141,176 |
Petrobras
America Inc. |
40 |
30,082,600 |
Shell
Offshore Inc. |
11 |
23,319,996 |
Devon
Energy Production Company, L.P. |
34 |
21,887,000 |
Media Contacts:
Eileen Angelico,
504-736-2595
Caryl Fagot,
504-736-2590
MMS: Securing Ocean Energy & Economic Value for
America
U.S. Department of the Interior
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