Lease
Sale 204
August 22, 2007
The Outer Continental Shelf Sale 204 was held in New Orleans on August 22, 2007. Sale 204 covered the new WGOM
Planning Area.
Sale 204, just completed, resulted in 358 bids, by 47 companies, on 282 tracts, for a total of $369,496,840. The
total sum of apparent winning bids was $289,953,066, on approximately 1.6 million acres.
Last year, Sale 200 resulted in 541 bids, by 62 companies, on 381 tracts, for a total of $462.8 million. The total
sum of apparent winning bids was $340.9 million, on approximately 2.1 million acres.
The following table reflects preliminary sale data released by the MMS, and shows how Sale 204 compares with previous
Western Sales.
Western GOM Sales
Sale
YearSale
Tracts
Receiving BidsTotal Bids
High Bids
(millions)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. - 108 bids
· Statoil Gulf of Mexico LLC - 40 bids
· Petrobas America Inc. - 40 bids
· Devon Energy Production Company, L.P. - 34 bids
· ConocoPhillips Company - 30 bids
In terms of total amount exposed, we have:
· Statoil Gulf of Mexico LLC - $143.1 million
· BP Exploration & Production Inc. - $55.1 million
· Petrobas America Inc. - $30.1 million
· Shell Ofshore Inc. - $23.3 million
· Devon Energy Production Company, L.P. - $21.9 million
In terms of total amount of high bids, we have:
· Statoil Gulf of Mexico LLC - $138.9 million
· BP Exploration & Production Inc. - $31.0 million
· Petrobas America Inc. - $29.3 million
· Devon Energy Production Company, L.P. - $20.0 million
· ConocoPhillips Company - $12.3 million