RECENT MMS LEASE SALE AUGUST 20, 2008.

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Lease Sale 184
Sale Summary

Print Report

Bid Summary

Tracts Bid On:

323

Total Acres Bid On:

1,772,470

Sum of High Bids:

$151,265,255

Sum of All Bids:

$181,551,965

Total Number of Bids:

391

Total Number of Bidders:

44

Number Single-Bid Tracts:

271

Number Multi-Bid Tracts:

52

Average Dollar/Acre:

$85.34

 

Tract Receiving Highest Bid

Highest Bid: $8,353,500
Block: GB 0337
Lease: G24482

Rank

Bidder

Interest

Bonus

1

Dominion Exploration & Production

75.00

8,353,500

Nexen Petroleum Offshore USA

25.00

2

Union Oil Company of California

100.00

2,115,419

3

Amerada Hess Corporation

50.00

729,838

Petrobas America Inc.

50.00

 

Tract(s) Receiving Most Bids

Highest Number of Bids: 4 (on 3 separate blocks)

Block: AC 0812
Lease: G24593

Rank

Bidder

Interest

Bonus

1

Shell Offshore Inc.

100.00

3,301,587

 2

BP Exploration & Production

100.00

2,243,200

Chevron USA Inc.

100.00

1,014,624

4

Exxon Mobil Corporation

100.00

225,000

 

Block: GB 0302
Lease: G24479

Rank

Bidder

Interest

Bonus

1

Shell Offshore Inc.

100.00

1,901,587

 2

Walter Oil & Gas Corporation

100.00

1,819,027 

Amerada Hess Corporation

100.00

678,838

4

Kerr-McGee Oil & Gas Corporation

100.00

218,880

Block: GB 0338
Lease: G24483

Rank

Bidder

Interest

Bonus

1

Shell Offshore Inc.

100.00

5,851,587

 2

Dominion Exploration & Production

50.00

555,300

Nexen Petroleum Offshore USA

50.00

3

Amerada Hess Corporation

100.00

538,838

Petrobas America Inc.

50.00

4

Union Oil Company of California

100.00

254,925