| Bid Totals | High Bids | $520,942,644.00 |
|---|---|---|
| All Bids | $716,059,864.00 | |
| Area Offered | Blocks | 5,649 |
| Acres | 30,322,792.332 | |
| Receiving Bids | Blocks | 924 |
| Acres | 4,761,166.89 | |
| Number of Bids | Total | 1,381 |
| Average per Block | 1.5 |
| Greatest Number of Bids Per Block | 10 |
|---|---|
| Map Area(s) and Block Number(s) | South Marsh Island Area North Addition 261 |
| Highest Total Bid | $11,151,000.00 |
|---|---|
| Map Area(s) and Block Number(s) | Mississippi Canyon 941 |
| Number of Bids for Block | 5 |
| Company(s) Participating in Bid | Vastar Resources, Inc. |
| Highest Bid per Acre | $4,560.26 |
| Map Area(s) and Block Number(s) | Green Canyon 658 |
| Number of Bids for Block | 1 |
| Company(s) Participating in Bid | BP Exploration & Oil Inc. |
| Bidding Statistics by Water Depth | ||||
|---|---|---|---|---|
| Number of Blocks with Bids | Acres Receiving Bids | Sum of High Bids | Sum of All Bids | |
| 0 - 200 meters | 453 | 2,095,751.99 | $262,296,276 | $383,484,713 |
| 200 - 400 meters | 29 | 138,644.81 | $27,664,430 | $31,998,759 |
| 400 - 800 meters | 41 | 236,160.00 | $29,246,093 | $36,162,227 |
| 800+ meters | 401 | 2,290,610.09 | $201,735,845 | $264,414,165 |
| Number of Bids per Block by Water Depth | |||||
|---|---|---|---|---|---|
| Total | 0 - 200m | 200 - 400m | 400 - 800m | 800+m | |
| 1 Bid | 647 | 285 | 22 | 29 | 311 |
| 2 Bid | 174 | 107 | 5 | 8 | 54 |
| 3 Bid | 64 | 37 | 2 | 3 | 22 |
| 4 Bid | 18 | 12 | 0 | 0 | 6 |
| 5 Bid | 13 | 6 | 0 | 1 | 6 |
| 6 Bid | 4 | 2 | 0 | 0 | 2 |
| 7 Bid | 1 | 1 | 0 | 0 | 0 |
| 8 Bid | 2 | 2 | 0 | 0 | 0 |
| 9 Bid | 0 | 0 | 0 | 0 | 0 |
| 10 Bid | 1 | 1 | 0 | 0 | 0 |
| Bidding Statistics by Lease Term | ||||
|---|---|---|---|---|
| Term | Blocks with Bids | Acres Receiving Bids | Sum of High Bids | Sum of All Bids |
| 482 | 2,234,396.80 | $289,960,706 | $415,483,472 | |
| 8 Year | 56 | 322,560.00 | $37,671,795 | $48,932,848 |
| 386 | 2,204,210.09 | $193,310,143 | $251,643,544 | |
| Bidding Statistics by Royalty Rate | ||||
|---|---|---|---|---|
| Rate | Blocks with Bids | Acres Receiving Bids | Sum of High Bids | Sum of All Bids |
| 16 2/3% | 482 | 2,234,396.80 | $289,960,706 | $415,483,472 |
| 12 1/2% | 442 | 2,526,770.09 | $230,981,938 | $300,576,392 |
| Information on 8(g) Blocks | |
|---|---|
| Number of Blocks/Acres Offered | 160/478,272.91 Acres |
| Number Receiving Bids | 41 |
| Total Number of Bids | 79 |
| Total Block Acreage | 152,673.65 |
| Total 8(g) Acreage | 87,160.290 |
| Sum of High Bids | $25,539,807.00 |
| Sum of All Bids | $35,979,213.00 |
| Total Number of Companies Participating | 93 |
|---|---|
| Number of Companies Submitting Bids | 78 |
| Top Ten Companies Submitting Bids | ||||
|---|---|---|---|---|
| Company | Total Bids | Total Amount Exposed | ||
| 1. Zilkha Energy Company | 160 | $28,046,923.00 | ||
| 2. Texaco Exploration and Production Company | 151 | $69,082,878.52 | ||
| 3. Chevron U.S.A. Inc. | 132 | $46,441,207.68 | ||
| 4. Shell Offshore Inc. | 112 | $46,239,146.30 | ||
| 5. BP Exploration & Oil Inc. | 106 | $39,335,061.05 | ||
| 6. BHP Petroleum (GOM) Inc. | 91 | $37,619,835.65 | ||
| 7. Amoco Production Company | 73 | $27,010,222.70 | ||
| 8. Vastar Resources, Inc. | 58 | $39,999,995.50 | ||
| 9. Enserch Exploration, Inc. | 55 | $10,904,962.19 | ||
| 10. Exxon Corporation | 52 | $10,125,000.00 | ||
| Information on Deepest Block Receiving Bid | |
|---|---|
| Map Area and Block Number | |
| Water Depth | 9,090 Feet |
| Distance from Shore | 201 Miles from Louisiana |