The most recent U.S. Gulf of Mexico lease auction raked in about $156 million in high bids.
The Bureau of Ocean Energy Management said Wednesday that its Central Planning Area (CPA) Sale 241 garnered $156,385,610 in high bids for 128 tracts covering 693,962 acres in the Central Planning Area of the Outer Continental Shelf offshore Louisiana, Mississippi and Alabama.
Thirty offshore energy companies submitted 148 bid totaling $179,172,819 for the blocks.
The CPA encompasses 8,349 unleased blocks, covering 44.3 million acres, located from three to 230 nautical miles offshore Louisiana, Mississippi and Alabama, in water depths ranging from nine to more than 11,115 feet.
No bids were received for blocks in the Eastern Planning Area.
Each block received an average of 1.16 bids with blocks located in water depths over 9,895 feet winning 41 bids, the most of the five categories on offer.
Chevron submitted the single highest bid of the day, bidding $13,687,108 for the deepwater Mississippi Canyon/434 block.
BHP Billiton Petroleum came in at a close second with its $13,225,126 high bid for the Green Canyon/475 block and Statoil Gulf of Mexico LLC placed the tenth largest bid with its $2,866,687 offer for Walker Ridge/333.
Houston Energy submitted the most high bids during the auction with 21 bids placed while Exxon rounded out the top ten high bidders with five high bids.
Shell Offshore placed the largest total amount of high bids with its 12 high bids coming in at a combined $24,933,488.
BHP Billiton Petroleum (Deepwater) was the second overall highest bidder of the day, bidding a combined $18,597,504 with four high bids.
The NG15-06 Walker Ridge block, located at water depths of over 9,895 feet, was the deepest block bid on during the auction.
Each bid will go through a 90-day evaluation process to “ensure the public receives fair market value before a lease is awarded,” the BOEM said.