March 19, 2008
The Outer Continental Shelf Sale 224 was held in New Orleans on March 19, 2008. Sale 224 resulted in 58 bids, by 6 companies, on 36 tracts, for a total of $72,137,645. The total sum of apparent winning bids was $64,713,213, on approximately 190,297 acres.
This was the first Eastern Sale since 2005.
The big players, in terms of number of tracts bid on, are:
- BHP Billiton Petroleum (Deepwater) Inc. - 27 bids
- Anadarko E&P Company LP - 9 bids
- Murphy Exploration & Production Company - 9 bids
- Eni Petroleum US LLC - 9 bids
- BP Exploration & Production Inc. - 9 bids
In terms of total amount exposed, we have:
- BHP Billiton Petroleum (Deepwater) Inc. - $47.9 million
- Anadarko E&P Company LP - $13.2 million
- Murphy Exploration & Production Company - $3.3 million
In terms of total amount of high bids, we have:
- BHP Billiton Petroleum (Deepwater) Inc. - $47.9 million
- Anadarko E&P Company LP - $12.8 million
- Murphy Exploration & Production Company - $3.2 million