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March 19, 2014

A December agreement between the US and Mexico allows for the completion of Western Planning Area Sale 233. Three bids that were previously submitted for Sale 233 along the disputed boundary with Mexico were opened today. These bids will be added to Sale 233 in OWL and will not be treated as a separate sale. The results are as follows:

Area Block
Lease
High Bids Company Interest Money Spent

AC 954

G35162

1

Exxon Mobil Corporation

100.00

12,851,000

AC 955

G35163

1

Exxon Mobil Corporation

100.00

7,214,600

AC 998

G35164

1

Exxon Mobil Corporation

100.00

1,268,250

 

August 28, 2013

Western Gulf of Mexico Planning Area Lease Sale 233 was held in New Orleans on August 28, 2013. Sale 233, just completed, resulted in 61 bids, by 12 companies, on 53 tracts, for a total of $144,685,246. The total sum of apparent winning bids was $102,351,712, on approximately 0.3 million acres.  The last western sale in 2012, Sale 229 resulted in 131 bids, by 13 companies, on 116 tracts, for a total of $157,683,267. The total sum of apparent winning bids was $133,767,074, on approximately 0.7 million acres.

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

  • ConocoPhillips Company - 31 bids
  • Maersk Oil Gulf of Mexico Two LLC - 7 bids
  • Chevron U.S.A. Inc. - 5 bids
  • Anadarko US Offshore Corporation - 5 bids
  • Hess Corporation - 4 bids

In terms of total amount exposed, we have:

  • ConocoPhillips Company - $51.5 million
  • Chevron U.S.A. Inc. - $49.6 million
  • Anadarko US Offshore Corporation - $19.9 million
  • Maersk Oil Gulf of Mexico Two LLC - $6.8 million
  • Exxon Mobil Corporation - $5.8 million

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

  • ConocoPhillips Company - $50.3 million
  • Chevron U.S.A. Inc. - $32.8 million
  • Maersk Oil Gulf of Mexico Two LLC - $6.8 million
  • Shell Offshore Inc. - $4.2 million
  • Hess Corporation - $4.0 million