The Outer Continental Shelf Sale 194 was held in New Orleans on March 16, 2005. Sale 194 resulted in 651 bids, by 80 companies, on 428 tracts, for a total of $540,254,193. The total sum of apparent winning bids was $353,961,798, on approximately 2.1 million acres.

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

· Dominion Exploration & Production - 39 bids

· Remington Oil & Gas Corporation - 38 bids

· Chevron U.S.A. - 34 bids

· Focus Exploration, LLC - 32 bids

· Murphy Exploration & Production - 29 bids

In terms of total amount exposed, we have:

· Dominion Exploration & Production - $72.0 million

· LLOG Exploration Offshore, Inc. - $37.2 million

· Murphy Exploration & Production - $29.9 million

· Spinnaker Exploration Company, LLC - $28.5 million

· Remington Oil & Gas Corporation - $20.3 million

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

· Dominion Exploration & Production - $52.3 million

· LLOG Exploration Offshore, Inc. - $34.9 million

· Murphy Exploration & Production - $28.1 million

· Spinnaker Exploration Company, LLC - $17.0 million

· Energy Partners, Ltd. - $15.1 million