https://www.lexco.com/sale-231/
Lease Sales 231, 233, & 225
March 19, 2014
Central Sale 231
Central Gulf of Mexico Planning Area Lease Sale 231 was held in New Orleans on March 19, 2014. Sale 231, just completed, resulted in 380 bids, by 50 companies, on 326 tracts, for a total of $1,085,372,484. The total sum of apparent winning bids was $850,809,921, on approximately 1.7 million acres. The last central sale in 2013, Sale 227 resulted in 407 bids, by 52 companies, on 320 tracts, for a total of $1,595,397,446. The total sum of apparent winning bids was $1,214,675,536, on approximately 1.7 million acres.
The big players, in terms of number of tracts bid on, are:
- Cobalt International Energy, L.P. - 46 bids
- TOTAL E&P USA, INC. - 46 bids
- LLOG Bluewater Holdings, L.L.C. - 36 bids
- BP Exploration & Production Inc. - 31 bids
- EPL Oil & Gas, Inc. - 20 bids
- Gulfslope Energy, Inc. - 23 bids
In terms of total amount exposed, we have:
- Freeport-McMoRan Oil & Gas LLC - $322.9 million
- Chevron U.S.A. Inc. - $103.3 million
- Shell Offshore Inc. - $100.0 million
- Exxon Mobil Corporation - $55.4 million
- BP Exploration & Production Inc. - $53.8 million
In terms of total amount of high bids, we have:
- Freeport-McMoRan Oil & Gas LLC - $321.4 million
- Chevron U.S.A. Inc. - $103.3 million
- Murphy Exploration & Production Company - USA - $49.8 million
- Shell Offshore Inc. - $45.5 million
- BP Exploration & Production Inc. - $41.6 million
Western Sale 233
A December agreement between the US and Mexico allows for the completion of Western Planning Area Sale 233. Three bids that were previously submitted for Sale 233 along the disputed boundary with Mexico were opened today. These bids will be added to Sale 233 in OWL and will not be treated as a separate sale. Updated sale results are here.
Eastern Sale 225
There were no bids recieved.