https://www.lexco.com/sale-250/
Lease Sale 250
March 21, 2018
Gulf of Mexico Lease Sale 250 was held in New Orleans on March 21, 2018. Sale 250, just completed, resulted in 159 bids, by 33 companies, on 148 tracts, for a total of $139,122,383. The total sum of apparent winning bids was $124,763,581, on approximately 0.8 million acres. The last March sale in 2017, Sale 247 resulted in 189 bids, by 24 companies, on 163 tracts, for a total of $315,303,884. The total sum of apparent winning bids was $274,797,434, on approximately 0.9 million acres.
The big players, in terms of number of tracts bid on, are:
- Chevron U.S.A. Inc. - 29 bids
- BP Exploration & Production Inc. - 27 bids
- Shell Offshore Inc. - 16 bids
- TOTAL E&P USA, INC. - 9 bids
- Hess Corporation - 8 bids
In terms of total amount exposed, we have:
- Chevron U.S.A. Inc. - $36.6 million
- Shell Offshore Inc. - $22.9 million
- BP Exploration & Production Inc. - $20.1 million
- TOTAL E&P USA, INC. - $15.1 million
- Hess Corporation - $7.0 milion
In terms of total amount of high bids, we have:
- Chevron U.S.A. Inc. - $29.4 million
- Shell Offshore Inc. - $22.9 million
- BP Exploration & Production Inc. - $20.0 million
- TOTAL E&P USA, INC. - $15.1 million
- BHP Billiton Petroleum (Deepwater) Inc. - $5.3 milion