Lease Sale 184
August 21, 2002

Print Report

The Outer Continental Shelf Sale 184 was held in New Orleans on August 21, 2002. 

Sale 184, just completed, resulted in 391 bids, by 44 companies, on 323 tracts, for a total of $181,551,965. The total sum of apparent winning bids was $151,265,255, on approximately 1.8 million acres.

In this same area last year, Sale 180 resulted in 386 bids, by 50 companies, on 320 tracts, for a total of $190 million. The total sum of apparent winning bids was $165.6 million, on approximately 1.8 million acres.

The following table reflects preliminary sale data released by the MMS, and shows how Sale 184 compares with previous Western Sales.

 

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

·        Kerr-McGee Oil & Gas Corporation - 53 bids

·        Amerada Hess Corporation - 52 bids

·        Pioneer Natural Resources USA, Inc. - 42 bids

·        Shell Offshore Inc. - 39 bids

·        LLOG Exploration Offshore, Inc. - 21 bids

In terms of total amount exposed, we have:

·       Shell Offshore Inc. - $42.0 million

·       Amerada Hess Corporation - $16.8 million

·       Kerr-McGee Oil & Gas Corporation - $15.4 million

·       Pioneer Natural Resources USA, Inc. - $10.6 million

·        LLOG Exploration Offshore, Inc. - $9.8 million

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

·        Shell Offshore Inc. - $41.0 million

·        Amerada Hess Corporation - $14.6 million

·        Kerr-McGee Oil & Gas Corporation - $13.1 million

·        Pioneer Natural Resources USA, Inc. - $10.2 million

·        LLOG Exploration Offshore, Inc. - $9.3 million