https://www.lexco.com/sale-222/
Lease Sale 222
June 20, 2012
Central Gulf of Mexico Planning Area Lease Sale 216/222 was held in New Orleans on June 20, 2012. Sale 216/222, just completed, resulted in 593 bids, by 56 companies, on 454 tracts, for a total of $2,602,563,726. The total sum of apparent winning bids was $1,704,500,995, on approximately 2.4 million acres. The last central sale in 2010, Sale 213 resulted in 642 bids, by 77 companies, on 468 tracts, for a total of $1,300,075,693. The total sum of apparent winning bids was $949,265,959, on approximately 2.48 million acres.
The big players, in terms of number of tracts bid on, are:
- Apache Corporation - 66 bids
- BP Exploration & Production Inc. - 48 bids
- Apache Deepwater LLC - 43 bids
- Chevron U.S.A. Inc. - 39 bids
- Shell Offshore Inc. - 35 bids
- Stone Energy Offshore, L.L.C. -35 bids
In terms of total amount exposed, we have:
- Shell Offshore Inc. - $500.1 million
- Statoil Gulf Of Mexico LLC - $416.3 million
- BP Exploration & Production Inc. - $249.9 million
- Exxon Mobil Corporation - $220.4 million
- Chevron U.S.A. Inc. - $219.0 million
In terms of total amount of high bids, we have:
- Shell Offshore Inc. - $406.6 million
- Statoil Gulf Of Mexico LLC - $333.3 million
- BP Exploration & Production Inc. - $239.5 million
- Chevron U.S.A. Inc. - $189.6 million
- Exxon Mobil Corporation - $91.1 million