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Apache Corp's Subsidiaries Acquires 14 Blocks In Central GoM Lease Sale 227


Monday, 1 Apr 2013 05:01pm EDT 

Apache Corp announced that its subsidiaries were the apparent high bidders on nine shallow water blocks and five deepwater blocks in the recent Gulf of Mexico lease sale held by the U.S. Department of the Interior's Bureau of Ocean Energy Management. Lease Sale 227, held March 20 in New Orleans, received 407 bids from 52 companies on 320 tracts, with the high bids totaling more than $1.2 billion. On the continental shelf, Apache was the sole bidder on all nine blocks where it submitted bids. Overall, the company's net exposure for its winning bids was $2.2 million for the shelf and $24.6 million for deepwater blocks. 

Company Quote

63.74
1.69 +2.65%
22 Dec 2014