Lease Sale 194
March 16, 2005

Print Report

The Outer Continental Shelf Sale 194 was held in New Orleans on March 16, 2005. Sale 194 resulted in 651 bids, by 80 companies, on 428 tracts, for a total of $540,254,193. The total sum of apparent winning bids was $353,961,798, on approximately 2.1 million acres.

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

·        Dominion Exploration & Production - 39 bids

·        Remington Oil & Gas Corporation - 38 bids

·       Chevron U.S.A. - 34 bids

·        Focus Exploration, LLC - 32 bids

·        Murphy Exploration & Production - 29 bids

In terms of total amount exposed, we have:

·        Dominion Exploration & Production - $72.0 million

·        LLOG Exploration Offshore, Inc. - $37.2 million

·       Murphy Exploration & Production - $29.9 million

·        Spinnaker Exploration Company, LLC - $28.5 million

·        Remington Oil & Gas Corporation - $20.3 million

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

·        Dominion Exploration & Production - $52.3 million

·        LLOG Exploration Offshore, Inc. - $34.9 million

·        Murphy Exploration & Production - $28.1 million

·       Spinnaker Exploration Company, LLC - $17.0 million

·        Energy Partners, Ltd. - $15.1 million