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August 19, 2015

Western Gulf of Mexico Planning Area Lease Sale 246 was held in New Orleans on August 19, 2015. Sale 246, just completed, resulted in 33 bids, by 5 companies, on 33 tracts, for a total of $22,675,212. The total sum of apparent winning bids was $22,675,212, on approximately 0.2 million acres.  The last western sale in 2014, Sale 238 resulted in 93 bids, by 14 companies, on 81 tracts, for a total of $135,463,114. The total sum of apparent winning bids was $109,951,644, on approximately 0.4 million acres.

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

  • BHP Billiton Petroleum (Deepwater) Inc. - 26 bids
  • Ecopetrol America Inc. - 4 bids
  • Anadarko US Offshore Corporation - 3 bids
  • Peregrine Oil & Gas II, LLC - 2 bids

In terms of total amount exposed, we have:

  • BHP Billiton Petroleum (Deepwater) Inc. - $16.3 million
  • Ecopetrol America Inc. - $4.0 million
  • Anadarko US Offshore Corporation - $1.2 million
  • BP Exploration & Production Inc. - $0.9 million

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

  • BHP Billiton Petroleum (Deepwater) Inc. - $16.3 million
  • Ecopetrol America Inc. - $4.0 million
  • Anadarko US Offshore Corporation - $1.2 million
  • BP Exploration & Production Inc. - $0.9 million