Gulf Sale 192 draws $171.4 million in apparent high bids

09/06/2004
Apparent high bids totaling $171.4 million were offered for 351 offshore tracts at Lease Sale 192 for the western Gulf of Mexico, the US Minerals Management Service reported.MMS officials received 421 bids totaling $197.4 million from 54 companies at the sale. Deep gas was of interest to the bidders. Of the 351 tracts receiving bids, 135 were in less than 200 m of water.In the latest sale, MMS offered 3,907 blocks covering 21.2 million acres in the western gulf's Outer Continental Shelf planning area off Texas and Louisiana.MMS Gulf of Mexico Regional Director Chris Oynes called the sale "the best western gulf sale in 6 years in terms of the number of bids received and the number of t...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected