High oil, gas prices drove bidding at sales 194, 197 in US gulf

03/28/2005
Near-record prices for oil and natural gas led to strong bidding Mar. 16 in two Outer Continental Shelf lease sales for tracts in the Eastern and Central Gulf of Mexico. Central Lease Sale 194 drew total bids and offerings that were in line with sales of past years, while Eastern Sale 197 "exceeded expectations," according to the US Department of the Interior's Minerals Management Service, which conducted the sales (OGJ Online, Mar. 16, 2004). The bidding showed continued interest in deepwater areas, and a large number of shallow-water tracts also drew offers.Meanwhile, MMS recently revealed that the deepwater gulf hosted 14 field production start-ups and 12 discoveries in 2004.Easter...
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