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Western Planning Area Oil and Gas Lease Sale 218 results

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) has announced the results of the Western Gulf of Mexico Lease Sale 218, which closed on 14 December 2011. The tracts offered were in the Western Planning Area offshore Texas. The lease sale brought USD 337,688,341 in high bids submitted by 20 companies. A total of 241 bids were submitted on 191 tracts, that covered approximately 1 million acres.

Only 191 of the 3913 tracts offered received high bids. Of these, 87% were in water depths greater than 800 metres and 31% were in water depths of 1,600 metres or greater.

Bidding statistics by water depth in the Western Gulf of Mexico
Water Depth (metres) Blocks with bids Acres receiving bids Sum of high bids (USD) Sum of all bids (USD)
0-200 13 68,525.38 7,650,410 8,133,410
200-400 1 5,760 1,177,771 1,177,771
400-800 10 57,600 25,691,264 27,941,264
800-1600 107 616,320 240,516,419 609,203,219
1600+ 60 345,600 62,652,477 66,270,334

 

BOEMRE WPA Gulf of Mexico Lease Sale 218 Results
Bidding company Number of tracts bid Total of all bids (USD) Number of tracts won Total of high bids (USD)
Union Oil Company of California 2 85,000,000 1 608,779
ConocoPhillips Company 97 173,200,000 75 157,816,740
Hess Corporation 1 75,389,390 0 0
Apache Corporation 3 1,693,927 3 1,693,927
Exxon Mobil Corportation 60 72,009,100 50 63,293,750
Shell Offshore Inc 7 74,271,002 3 4,951,858
Walter Oil and Gas Corp 1 311,500 1 311,500
LLOG Exploration Offshore, LLC 2 298,000 2 298,000
Nexen Petroleum Offshore USA Inc 1 622,222 1 622,222
Anadarko US Offshore Corporation 8 19,972,210 7 19,317,210
Arena Energy, LP 3 1,208,000 2 1,037,000
BP Exploration & Production Inc 15 109,989,285 11 27,458,809
Contango Operators, Inc 1 207,777 1 207,777
Tana Exploration Company LLC 1 153,977 1 153,977
Plains Exploration & Production Co 10 12,780,000 10 12,780,000
Maersk Oil Gulf of Mexico Two LLC 13 47,531,608 12 36,010,792
Castex Offshore Inc 3 4,512,000 2 4,200,000
Ecopetrol America Inc 11 32,650,000 7 6,000,000
Cathexis Oil & Gas LLC 1 151,000 1 151,000
Hall-Houston Exploration IV, LP 1 775,000 1 775,000
TOTALS:     712,725,998     337,688,341

 

WPA Gulf of Mexico Lease Sale 218

Western Planning Area Gulf of Mexico Lease Sale 218 (red shading). Source: PetroView®

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