Lease Sale 210

August 19, 2009

• Sale Summary 
• Company Summary
• Bid Details

The Outer Continental Shelf Sale 210 was held in New Orleans on August 19, 2009. Sale 210 covered the WGOM Planning Area.  Sale 210, just completed, resulted in 189 bids, by 27 companies, on 162 tracts, for a total of $145,186,365. The total sum of apparent winning bids was $115,466,321, on approximately 0.9 million acres.  Last year, Sale 207 resulted in 423 bids, by 53 companies, on 319 tracts, for a total of $607.1 million. The total sum of apparent winning bids was $487.3 million, on approximately 1.8 million acres.

The following table reflects preliminary sale data released by the MMS, and shows how Sale 210 compares with previous Western Sales.

Western GOM Sales
Sale Year	Sale	Tracts Receiving Bids	Total Bids	High Bids (millions)
2009	210	162	189	115.5
2008	207	319	423	487.3
2007	204	282	358	290.0
2006	200	381	541	340.9
2005	196	346	422	285.2
2004	192	351	421	171.4
2003	187	335	407	148.7
2002	184	323	391	151.3
2001	180	320	386	165.6
2000	177	226	266	153.7
1999	174	153	177	94.6
1998	171	402	486	553.4
1997	168	804	1,224	616.2
1996	161	617	929	356.1
1995	155	275	348	114.3

 

The big players, in terms of number of tracts bid on, are:

• BP Exploration & Production Inc. - 43 bids
• Chevron U.S.A. Inc. - 30 bids
• ConocoPhillips Company - 30 bids
• Exxon Mobil Corporation - 19 bids
• Focus Exploration, LLC - 15 bids

In terms of total amount exposed, we have:

• BP Exploration & Production Inc. - $52.8 million
• Chevron U.S.A. Inc. - $24.7 million
• ConocoPhillips Company - $24.6 million
• Petrobras America Inc. - $10.0 million
• Exxon Mobil Corporation - $9.3 million

In terms of total amount of high bids, we have:

• BP Exploration & Production Inc. - $50.6 million
• ConocoPhillips Company - $15.2 million
• Petrobras America Inc. - $10.0 million
• Chevron U.S.A. Inc. - $9.1 million
• Exxon Mobil Corporation - $8.6 million