Anadarko Successful Bidder in Gulf of Mexico Lease Sale; Acreage Includes Sub-Salt and Deepwater Blocks
HOUSTON, March 15 /PRNewswire/ -- Anadarko Petroleum Corporation
(NYSE: APC) today announced that it is the apparent high bidder on 33 blocks
offered in the federal OCS Lease Sale No. 175 conducted by the Minerals
Management Service (MMS). Bidding alone and with partners, the company was
successful on 33 of 34 total bids, representing an expenditure of
$24.9 million net to Anadarko. The blocks, which cover 166,482 acres (gross)
in the central Gulf of Mexico, range in water depths from 229 feet to
4,400 feet.
"We continue to see great opportunities in the Gulf of Mexico," said
Robert J. Allison, Jr., Anadarko Chairman and Chief Executive Officer. "The
results of this lease sale reflect our commitment to building an exploration
portfolio that is appropriately balanced between traditional shallow water
areas and non-traditional plays such as the sub-salt and deepwater."
The apparent high bids for Anadarko and partners are shown on the attached
page, along with the percentage of working interest for each company. All
bids are subject to review and final approval by the MMS.
OCS Lease Sale 175
Block Apparent High Bid Partners Interest
(Gross)
Mississippi Canyon 531 $156,500 Anadarko 25%
EEX 25%
Enterprise 25%
PanCanadian 25%
Mississippi Canyon 532 $175,750 Anadarko 25%
EEX 25%
Enterprise 25%
PanCanadian 25%
Mississippi Canyon 575 $227,850 Anadarko 25%
EEX 25%
Enterprise 25%
PanCanadian 25%
Mississippi Canyon 619 $224,950 Anadarko 25%
EEX 25%
Enterprise 25%
PanCanadian 25%
Mississippi Canyon 664 $173,350 Anadarko 25%
EEX 25%
Enterprise 25%
PanCanadian 25%
Eugene Island 344 $562,500 Anadarko 50%
Murphy Exploration & 50%
Production Co.
Eugene Island 345 $4,187,500 Anadarko 50%
Murphy Exploration & 50%
Production Co.
Grand Isle 117 $319,000 Anadarko 50%
Shell Offshore Inc. 50%
Grand Isle 120 $350,000 100%
Vermilion 372 $285,000 100%
Vermilion 373 $260,000 100%
Mississippi Canyon 400 $540,000 100%
Mississippi Canyon 401 $265,000 100%
Vermilion 358 $356,500 100%
Vermilion 359 $356,500 100%
South Timbalier 308 $266,000 100%
South Marsh 199 $181,850 100%
South Marsh 200 $118,500 100%
West Cameron 609 $142,000 100%
Green Canyon 606 $9,375,000 100%
Green Canyon 652 $6,250,000 100%
Vermilion 382 $242,000 100%
Vermilion 383 $542,000 100%
Eugene Island 347 $562,500 100%
Vermilion 405 $258,000 100%
Vermilion 411 $458,000 100%
South Marsh 154 $126,000 100%
South Marsh 163 $126,000 100%
South Marsh 164 $126,000 100%
South Marsh 178 $126,000 100%
South Marsh 187 $126,000 100%
Ship Shoal 338 $165,000 100%
Vermilion 378 $513,500 100%
SOURCE Anadarko Petroleum Corporation
CO: Anadarko Petroleum Corporation
ST: Texas
IN: OIL
SU: RLE
03/15/2000 14:03 EST prnewswire.com |
