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Gulf Coast High Bidder on 6 Leases in Central Gulf of Mexico Sale

Source: www.gulfoilandgas.com 3/20/2014, Location: North America

Gulf Coast Energy Resources, LLC was the apparent high bidder on six leases in the Central Gulf of Mexico Lease Sale 231.

The six leases are located on the Outer Continental Shelf of the Gulf of Mexico in water depths ranging from 96 feet to 213 feet, and cover more than 25,000 acres on a gross basis. GCER has a 30-100 percent working interest in each of the lease blocks and will operate all of them. GCER's share of the high bids totaled $796,244. Four of the blocks are in Vermilion, one is in Ship Shoal and one is in Ewing Bank.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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