Lease Sale 251

Sale Summary

Bid Summary

Tracts Bid On:	144
Total Acres Bid On:	801,288.74
Sum of High Bids:	$178,069,406
Sum of All Bids:	$202,667,923
Total Number of Bids:	171
Total Number of Bidders:	29
Number Single-Bid Tracts:	124
Number Multi-Bid Tracts:	20
Average Dollar/Acre:	$222

 

Tract Receiving Highest Bid

Highest Bid: $25,919,784
Block: MC 0338
Lease: G36395

Rank	Bidder	Interest	Bonus
1	Hess Corporation	100.00	25,919,784
2	LLOG Exploration Offshore, L.L.C.	50.00	2,100,890
	Red Willow Offshore, LLC	25.00
	Deep Gulf Energy III, LLC	25.00

 

Tracts Receiving Most Bids

Highest Number of Bids: 4
Block: GC 0437
Lease: G36438

Rank	Bidder	Interest	Bonus
1	Deep Gulf Energy III, LLC	100.00	1,000,213
2	Hess Corporation	100.00	890,784
3	BP Exploration & Production Inc.	100.00	753,014
4	Houston Energy, L.P.	100.00	624,624