RECENT MMS LEASE SALE AUGUST 20, 2008.

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Lease Sale 192
Sale Summary

Print Report

Bid Summary

Tracts Bid On:

351

Total Acres Bid On:

1,997,176

Sum of High Bids:

$171,387,285

Sum of All Bids:

$197,395,164

Total Number of Bids:

421

Total Number of Bidders:

54

Number Single-Bid Tracts:

301

Number Multi-Bid Tracts:

50

Average Dollar/Acre:

$85.81

 

Tract Receiving Highest Bid

Highest Bid: $6,775,400
Block: HI A0270
Lease: G26556

Rank

Bidder

Interest

Bonus

1

The Houston Exploration Company

100.00

6,775,400

2

Ridgelake Energy, Inc.

100.00

474,000

3

W&T Offshore, Inc.

100.00

375,000

4

NCX Company, L.L.C.

100.00

149,400

 

Tract Receiving Most Bids

Highest Number of Bids: 5

Block: HI 0087
Lease: G26506

Rank

Bidder

Interest

Bonus

1

Red Willow Offshore, LLC

60.00

4,111,111

Houston Energy, L.P.

40.00

2

LLOG Exploration Offshore, Inc.

100.00

1,310,000

3

Callon Petroleum Operating Company

100.00

817,716

4

Hunt Petroleum (AEC), Inc.

75.00

365,816

Seneca Resources Corporation

25.00

5

Energy Partners, Ltd.

100.00

278,525