RECENT MMS LEASE SALE AUGUST 20, 2008.

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Lease Sale 196
Sale Summary

Print Report

Bid Summary

Tracts Bid On:

346

Total Acres Bid On:

1,958,708

Sum of High Bids:

$285,192,865

Sum of All Bids:

$335,628,130

Total Number of Bids:

422

Total Number of Bidders:

56

Number Single-Bid Tracts:

289

Number Multi-Bid Tracts:

57

Average Dollar/Acre:

$145.60

 

Tract Receiving Highest Bid

Highest Bid: $26,500,000
Block: HI 0156
Lease: G27507

Rank

Bidder

Interest

Bonus

1

LLOG Exploration Offshore, Inc.

100.00

26,500,000

 

Tract(s) Receiving Most Bids

Highest Number of Bids: 4 (on 2 separate blocks)

Block: GB 0379
Lease: G27642

Rank

Bidder

Interest

Bonus

1

Forest Oil Corporation

100.00

2,786,250

 2

LLOG Exploration Offshore, Inc.

100.00

2,060,000

W & T Offshore, Inc.

100.00

550,000

4

Remington Oil and Gas Corporation

100.00

217,332

 

Block: HI A0589
Lease: G27532

Rank

Bidder

Interest

Bonus

1

ATP Oil & Gas Corporation

100.00

2,211,800

 2

Triumph Energy, L.L.C.

100.00

1,410,000

The Houston Exploration Company

100.00

875,500

4

Focus Exploration, LLC

100.00

355,104