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Outer Continental Shelf Western Gulf Lease Sale 161 Sale Statistics
| Bid Totals |
High Bids |
$356,121,922.00 |
| All Bids |
$503,648,405.00 |
| Area Offered |
Blocks |
5,168 |
| Acres |
28,389,057.153 |
| Receiving Bids |
Blocks |
617 |
| Acres |
3,470,762.60 |
| Number of Bids |
Total |
929 |
| Average per Block |
1.5 |
| Greatest Number of Bids Per Block |
8 |
| Map Area(s) and Block Number(s) |
High Island Area, South Addition A 545 |
|
High Island Area, East Addition, South Extension A 364 |
| Highest Total Bid |
$13,006,080.00 |
| Map Area and Block Number |
High Island Area, South Addition A 545 |
| Number of Bids for Block |
8 |
| Company(s) Participating in Bid |
Barrett Resources Corporat |
| Highest Bid per Acre |
$2,258.00 |
| Map Area and Block Number |
High Island Area, South Addition A 545 |
| Number of Bids for Block |
8 |
| Company(s) Participating in Bid |
Barrett Resources Corporat |
| Bidding Statistics by Water Depth |
|
Number of Blocks with Bids |
Acres Receiving Bids |
Sum of High Bids |
Sum of All Bids |
| 0 - 200 meters |
184 |
990,369.05 |
$124,854,876 |
$187,506,260 |
| 200 - 400 meters |
40 |
225,422.66 |
$29,909,189 |
$46,457,952 |
| 400 - 800 meters |
72 |
414,720.00 |
$54,774,952 |
$84,831,066 |
| 800+ meters |
321 |
1,840,250.89 |
$146,582,905 |
$184,853,127 |
| Number of Bids per Block by Water Depth |
|
Total |
0 - 200m |
200 - 400m |
400 - 800m |
800+m |
| 1 Bid |
444 |
133 |
21 |
38 |
252 |
| 2 Bid |
89 |
25 |
10 |
19 |
35 |
| 3 Bid |
56 |
13 |
3 |
12 |
28 |
| 4 Bid |
13 |
5 |
1 |
1 |
6 |
| 5 Bid |
7 |
2 |
5 |
0 |
0 |
| 6 Bid |
6 |
4 |
0 |
2 |
0 |
| 7 Bid |
0 |
0 |
0 |
0 |
0 |
| 8 Bid |
2 |
2 |
0 |
0 |
0 |
| Bidding Statistics by Lease Term |
| Term |
Blocks with Bids |
Acres Receiving Bids |
Sum of High Bids |
Sum of All Bids |
| 5 Year |
224 |
1,215,791.71 |
$154,764,065 |
$233,964,212 |
| 8 Year |
113 |
650,880.00 |
$78,470,485 |
$114,193,303 |
| 10 Year |
280 |
1,604,090.89 |
$122,887,372 |
$155,490,890 |
| Bidding Statistics by Royalty Rate |
| Rate |
Blocks with Bids |
Acres Receiving Bids |
Sum of High Bids |
Sum of All Bids |
| 16 2/3% |
224 |
1,215,791.71 |
$154,764,065 |
$233,964,212 |
| 12 1/2% |
393 |
2,254,970.89 |
$201,357,857 |
$269,684,193 |
| Information on 8(g) Blocks |
| Number of Blocks/Acres Offered |
168/594,854.26 Acres |
| Number Receiving Bids |
21 |
| Total Number of Bids |
27 |
| Total Block Acreage |
112,113.75 |
| Total 8(g) Acreage
| 57,249.220 |
| Sum of High Bids |
$9,117,381.00 |
|---|
| Sum of All Bids |
$11,346,346.00 |
| Total Number of Companies Participating |
72 |
| Number of Companies Submitting Bids |
57 |
| Information on Deepest Block Receiving Bid |
| Map Area and Block Number |
Alaminos Canyon 862 |
| Water Depth |
10,000 Feet |
| Distance from Shore |
156 Miles from Port Isabel, TX |
| Top Ten Companies Submitting Bids |
| Company |
Total Bids |
Total Amount Exposed |
| 1 .
Shell Offshore Inc. |
174 |
$82,954,130.44 |
| 2 .
Chevron U.S.A. Inc. |
72 |
$12,572,728.00 |
| 3 .
Texaco Exploration and Production Inc. |
63 |
$12,137,872.58 |
| 4 .
Vastar Resources, Inc. |
42 |
$18,077,953.00 |
| 5 .
Conoco Inc. |
42 |
$15,687,648.00 |
| 6 .
Mobil Producing Texas & New Mexico Inc. |
39 |
$16,223,600.56 |
| 7 .
Zilkha Energy Company |
38 |
$12,061,549.00 |
| 8 .
Enron Oil & Gas Company |
37 |
$16,064,930.50 |
| 9 .
Phillips Petroleum Company |
36 |
$5,584,299.44 |
| 10 .
Amoco Production Company |
35 |
$11,522,067.78 |
|
