Lease Sale 208
March 18, 2009
The Outer Continental Shelf Sale 208 was held in New Orleans on March 18, 2009. Sale 208 resulted in 707 bids, by 82 companies, on 405 tracts, for a total of $978,310,887. The total sum of apparent winning bids was $588,309,791, on approximately 2.1 million acres.
The big players, in terms of number of tracts bid on, are:
- BP Exploration & Production - 87 bids
- Hunt Oil Company - 41 bids
- Dominion Exploration & Production - 38 bids
- BHP Billiton Petroleum (Deepwater) - 30 bids
- Hydro Gulf of Mexico, LLC - 28 bids
In terms of total amount exposed, we have:
- Amerada Hess Corporation - $74.3 million
- Dominion Exploration & Production - $63.7 million
- Woodside Energy (USA) Inc. - $61.3 million
- BP Exploration & Production - $46.9 million
- Newfield Exploration Company - $36.8 million
In terms of total amount of high bids, we have:
- Amerada Hess Corporation - $62.6 million
- Woodside Energy (USA) Inc. - $47.2 million
- Dominion Exploration & Production - $41.4 million
- Newfield Exploration Company - $32.2 million
- Samson Offshore Company - $27.1 million