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Lease Sale 218

Sale Summary

Bid Summary

Tracts Bid On:

191

Total Acres Bid On:

1,093,805

Sum of High Bids:

$337,688,341

Sum of All Bids:

$712,725,998

Total Number of Bids:

241

Total Number of Bidders:

20

Number Single-Bid Tracts:

154

Number Multi-Bid Tracts:

37

Average Dollar/Acre:

$308.73

 

Tract Receiving Highest Bid & Most Bids

Highest Bid: $103,200,000
Highest Number of Bids: 7
Block: KC 0095
Lease: G34190

Rank

Bidder

Interest

Bonus

1

ConocoPhillips Company

100.00

103,200,000

2

Union Oil Company of California

100.00

84,391,221

3

BP Exploration & Production Inc.

100.00

78,912,619

4

Hess Corporation

100.00

75,389,390

 5

Shell Offshore Inc.

100.00

67,167,286

6

Ecopetrol America Inc.

100.00

24,400,000

7

Maersk Oil Gulf of Mexico Two LLC

100.00

11,520,816