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https://www.lexco.com/sale-249/

Lease Sale 249

August 16, 2017

Gulf of Mexico Lease Sale 249 was held in New Orleans on August 16, 2017. Sale 249, just completed, resulted in 99 bids, by 27 companies, on 90 tracts, for a total of $137,006,181. The total sum of apparent winning bids was $121,143,055, on approximately 0.5 million acres.  The last sale in 2016, Sale 248 resulted in 24 bids, by 3 companies, on 24 tracts, for a total of $18,067,020. The total sum of apparent winning bids was $18,067,020, on approximately 0.1 million acres.

 

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

  • Shell Offshore Inc. - 23 bids
  • Chevron U.S.A. Inc. - 17 bids
  • Anadarko US Offshore LLC - 10 bids
  • Exxon Mobil Corporation - 8 bids
  • TOTAL E&P USA, INC. - 7 bids
  • Houston Energy, L.P. - 7 bids

In terms of total amount exposed, we have:

  • Shell Offshore Inc. - $32.5 million
  • Chevron U.S.A. Inc. - $31.1 million
  • Exxon Mobil Corporation - $21.0 million
  • TOTAL E&P USA, INC. - $18.0 million
  • Anadarko US Offshore LLC - $10.6 milion

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

  • Chevron U.S.A. Inc. - $27.9 million
  • Shell Offshore Inc. - $25.1 million
  • Exxon Mobil Corporation - $20.4 million
  • TOTAL E&P USA, INC. - $16.8 million
  • Anadarko US Offshore LLC - $10.6 milion