RECENT MMS LEASE SALE AUGUST 20, 2008.

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Lease Sale 177
Sale Summary

Print Report

Bid Summary

Tracts Bid On:

226

Total Acres Bid On:

1,250,681

Sum of High Bids:

$153,660,031

Sum of All Bids:

$167,373,613

Total Number of Bids:

266

Total Number of Bidders:

60

Number Single-Bid Tracts:

197

Number Multi-Bid Tracts:

29

Average Dollar/Acre:

$123

 

Tract Receiving Highest Bid

Highest Bid: $10,540,800
Block: GB 0624
Lease: G22331

Rank

Bidder

Interest

Bonus

1

CXY Energy Offshore Inc.

50.00

10,540,800

Kerr-McGee Oil & Gas Corporation

50.00

 

Tract Receiving Most Bids

Highest Number of Bids: 5

Block: HI 0197
Lease: G22238

Rank

Bidder

Interest

Bonus

1

Spinnaker Exploration Company, L.L.C.

100.00

1,155,000

2

Westport Resources Corporation

100.00

922,750

3

Forest Oil Corporation

75.00

411,600

PetroQuest Energy One, L.L.C.

25.00

4

Union Oil Company of California

100.00

280,176

5

Dominion Exploration & Production, Inc.

60.00

175,500

Pioneer Natural Resources USA, Inc.

40.00