Posted on 08/21/2008 5:32:12 AM PDT by thackney
NEW ORLEANS – Secretary of the Interior Dirk Kempthorne announced that the Western Gulf of Mexico Oil and Gas Lease Sale 207, held today in New Orleans, attracted $487,297,676 in high bids. The sale was conducted by Interior’s Minerals Management Service (MMS) and had 53 companies submitting 423 bids on 319 tracts comprising over 1.8 million acres offshore Texas. The sum of all bids received totaled $607,134,968.
“In the midst of the national discussion about energy production, the activity at today’s sale signals that the offshore oil and gas industry is serious about developing our Nation’s resources,” said Interior Secretary Dirk Kempthorne.
Approximately 17 percent of the tracts receiving bids are in ultra-deep water (more than 1,600 meters). The deepest tract bid on is Alaminos Canyon, Block 783 in 2,977 meters of water. The highest bid received on a tract was $61,110,000, submitted by Statoil Gulf of Mexico LLC for Alaminos Canyon, Block 380.
Each high bid on a tract will go through an evaluation process within MMS to ensure the public receives fair market value before a lease is awarded.
While I glad to see them opened, finally, this exemplifies another route where the government “taxes” the final product (gasoline).
The ban applies to the Eastern Gulf of Mexico, East Coast and West Coast.
Send me my share,so I can buy some gas.
Duh, 9000’ is not really “coastal Florida” eh? Oh well, supposed to be working.
Who is Statoil?
If your screen names implies you live in Texas, your share will be sent to the State Government.
http://www.gomr.mms.gov/homepg/whatsnew/newsreal/2008/080527.pdf
It gives the states some incentive to promote drilling off their shores and moves some of the revenue from the Federal Budget closer to the sources where the revenue is generated.
Do you happen to know wht the ORR interest is to the Feds and State govts on these leases ?
Highlights:
- About 29,500 employees in 40 countries
- The world's largest operator in waters more than 100 meters deep
- Operator for 39 producing oil and gas fields
- Production averages more than 1.7 million barrels of oil equivalent per day
- Proved reserves: More than six billion barrels of oil equivalent
http://www.statoilhydro.com/en/AboutStatoilHydro/StatoilHydroInBrief/Pages/default.aspx
For more detailed information:
Western Planning Area Lease Sale 207 Information
http://www.gomr.mms.gov/homepg/lsesale/207/wgom207.html
Also for those seeking more information:
Oil and Gas Leasing Procedures Guidelines
http://www.gomr.mms.gov/PDFs/2001/2001-076.pdf
For specifics to this lease sale:
Final Notice of Sale 207 Package
http://www.gomr.mms.gov/homepg/lsesale/207/fnos207.pdf
For example: 18.75 percent royalty rate for blocks in all water depths
It is their local division.
Sure is a shame they have to partner up with someone from the other side of the world.
There goes another $487,297,676 into the abyss.......
That is just one of many companies winning bids.
http://www.gomr.mms.gov/homepg/lsesale/207/rpt4_207.pdf
Found a report sorted by companies:
53 companies winning bids in total.
http://www.gomr.mms.gov/homepg/lsesale/207/207co.pdf
Good to see a few of the old “stand bys” there.
I do realize some of the names have been changed, for whatever reason.
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