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A look at the latest Gulf energy lease sale

Wed Aug 19, 2009 2:24 PM EDT
business, us, sale, box, offshore, lease
The Associated Press, HOPD
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— Here is a look at Wednesday's sale of federal offshore petroleum leases in the central Gulf of Mexico:

Total of winning bids: $115.4 million

Total amount of bids: $145.2 million

Tracts receiving bids: 162

Top 10 companies based on total of high bids submitted:

1. BP Exploration & Production Inc., 37 for $50.6 million

2. ConocoPhillips Co., 22 for $15.2 million

3. Petrobas America Inc., 4 for $10 million

4. Chevron USA Inc., 26 for $9.1 million

5. Exxon Mobil Corp., 17 for $8.6 million

6. Focus Exploration LLC, 15 for $4.7 million

7. Anadarko E&P Co. LP, 5 for $4.4 million

8. Castex Offshore Inc., 3 for $1.9 million

9. Contango Operators Inc., 3 for $1.7 million

10. Swepi LP, 3 for $1.5 million

Source: U.S. Minerals Mangement Service

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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