OIL and GAS LEASE Sale 251 Final Bid Recap Gulfwide Lease Sale August 15, 2018 U. S. Department of the Interior Bureau of Ocean Energy Management Gulf of Mexico Region OIL and GAS LEASE SALE 251 Final Bid Recap Gulfwide Lease Sale August 15, 2018 Author Bureau of Ocean Energy Management Gulf of Mexico OCS Region Additional Copies may be obtained by contacting U.S. Department of the Interior Bureau of Ocean Energy Management Gulf of Mexico OCS Region Public Information Unit (GM 250C) 1201 Elmwood Park Boulevard New Orleans, Louisiana 70123-2394 Commercial/FTS Telephone: (504) 736-2519 Published by U.S. Department of the Interior Bureau of Ocean Energy Management New Orleans Gulf of Mexico OCS Region December 2018 PREFACE The Final Bid Recap lists bid-specific information from a lease sale. Individual copies of the bid recap are available on the internet following the completion of the bid evaluation process, which takes approximately 60-90 days following the sale day. Bureau of Ocean Energy Management Gulf of Mexico OCS Regional Office Public Information Office (GM 335A) 1201 Elmwood Park Boulevard New Orleans, Louisiana 70123-2394 Commercial/FTS Telephone 1-800-200-GULF Specific questions concerning this publication should be referred to the Gulf of Mexico OCS Regional Office, Office of Leasing and Plans, Commercial/FTS telephone (504) 736-2763. Questions of a general nature should be referred to the Gulf of Mexico OCS Regional Office, Public Information Office, at the address above. iii PARTICIPATING COMPANIES 00059 Hess Corporation 00078 Chevron U.S.A. Inc. 00276 Exxon Mobil Corporation 00689 Shell Offshore Inc. 00730 Walter Oil & Gas Corporation 01284 W & T Offshore, Inc. 01308 Ridgewood Energy Corporation 01500 TOTAL E&P USA, INC. 01999 Houston Energy, L.P. 02058 LLOG Exploration Offshore, L.L.C. 02219 Anadarko US Offshore LLC 02481 BP Exploration & Production Inc. 02647 Murphy Exploration & Production Company - USA 02668 Red Willow Offshore, LLC 02748 Equinor Gulf of Mexico LLC 02961 Byron Energy Inc. 02967 Peregrine Oil & Gas II, LLC 02970 Castex Offshore, Inc. 02990 Ecopetrol America Inc. 03026 EnVen Energy Ventures, LLC 03176 Dorado Deep GP, LLC 03197 GOME 1271 LLC 03247 Talos Energy Offshore LLC 03295 Fieldwood Energy LLC 03310 GulfSlope Energy, Inc. 03362 Deep Gulf Energy III, LLC 03394 CL&F Offshore LLC 03561 SDB Offshore Energy, LLC 03570 Beacon Offshore Energy Exploration LLC iv TABLE OF CONTENTS Area Name Page No. High Island 1 High Island, East Addition, South Extension 2 West Cameron, South Addition 3 Alaminos Canyon 4 Keathley Canyon 5 East Cameron, South Addition 5 Vermilion, South Addition 7 South Marsh Island, South Addition 8 Eugene Island 9 Eugene Island, South Addition 10 Ship Shoal, South Addition 11 South Timbalier 12 Grand Isle 13 Grand Isle, South Addition 14 West Delta, South Addition 15 Main Pass, South and East Addition 16 Viosca Knoll 17 Ewing Bank 18 Mississippi Canyon 19 DeSoto Canyon 22 Garden Banks 23 Green Canyon 24 Atwater Valley 27 Lloyd Ridge 28 Keathley Canyon 29 Walker Ridge 30 v LISTING OF 3 REJECTED BIDS Lease No. Map Area Block No. Page No. G36429 Green Canyon 124 24 G36430 Green Canyon 235 24 G36473 Walker Ridge 504 30 EXPLANATION OF TERMS USED BID TYPE: RS22 - Bonus Bidding system with a fixed royalty rate of 18 3/4%; possible royalty suspension of 35 bcf for >=20,000 feet; (0-<200 meters water depth) RS21 - Bonus Bidding system with a fixed royalty rate of 18 3/4%; possible royalty suspension of 35 bcf for >=20,000 feet; (200-<400 meters water depth) R21 - Bonus Bidding with a fixed royalty rate of 18 3/4%; (400-<800 meters water depth) R22 - Bonus Bidding with a fixed royalty rate of 18 3/4%; (800-<1600 meters water depth) R23 - Bonus Bidding with a fixed royalty rate of 18 3/4%; (>=1600 meters water depth) RNK - Rank is the order of bid when more than one bid is submitted for a tract. The high bid is listed first; successive bids are listed in descending monetary order. R – Denotes Rejected Tract vi SPFASMRY UNITED STATES DEPARTMENT OF THE INTERIOR POSTSALE BUREAU OF OCEAN ENERGY MANAGEMENT 9-NOV-2018 Sale Number : 251 GULF OF MEXICO REGION PAGE: 1 Sale Identifier : GULF OF MEXICO Final Sale Summary by Bid System Sale Date : 15-AUG-2018 12 1/2 Total 18 3/4 Total Sale Total 1. Tracts Receiving Bids 32 112 144 2. Acres Receiving Bids 160,155.61 641,133.13 801,288.74 3. Sum of High Bids $4,691,650.00 $173,377,756.00 $178,069,406.00 4. Sum of All Bids $4,691,650.00 $197,976,273.00 $202,667,923.00 5. Total Number of Bids 32 139 171 6. Average Number of Bids 1.00 1.24 1.19 7. Companies Participating 13 21 29 8. (A) Highest Bid Per Tract $253,777.00 $25,919,784.00 $25,919,784.00 (B) Number of Bids 1 2 2 (C) OCS Number(s) G36360 G36395 G36395 9. (A) Highest Bid per Acre $122.62 $4,499.96 $4,499.96 (B) Number of Bids 1 2 2 (C) OCS Number(s) G36389 G36395 G36395 SPFASMRY UNITED STATES DEPARTMENT OF THE INTERIOR POSTSALE BUREAU OF OCEAN ENERGY MANAGEMENT 9-NOV-2018 Sale Number : 251 GULF OF MEXICO REGION PAGE: 2 Sale Identifier : GULF OF MEXICO Final Sale Summary by Bid System Sale Date : 15-AUG-2018 10. (A) Largest Number of Bids 1 4 4 (B) Number of OCS/Tracts 32 1 1 (C) OCS Number(s) G36332 G36438 G36438 G36333 G36334 G36335 G36336 G36337 G36338 G36339 G36340 G36356 G36357 G36358 G36359 G36360 G36361 G36362 G36363 G36364 G36365 G36366 G36367 G36368 G36369 G36370 G36371 G36372 G36373 G36374 G36375 G36376 G36388 G36389 SPFASMRY UNITED STATES DEPARTMENT OF THE INTERIOR POSTSALE BUREAU OF OCEAN ENERGY MANAGEMENT 9-NOV-2018 Sale Number : 251 GULF OF MEXICO REGION PAGE: 3 Sale Identifier : GULF OF MEXICO Final Sale Summary by Bid System Sale Date : 15-AUG-2018 11. (A) Tracts Leased 32 109 141 (B) Acres Leased 160,155.61 623,853.13 784,008.74 (C) Accepted Bonuses $4,691,650.00 $170,797,814.00 $175,489,464.00 12. (A) Rejected Tracts 0 3 3 (B) Rejected Acres 0.00 17,280.00 17,280.00 (C) Rejected Bonuses $0.00 $2,579,942.00 $2,579,942.00 13. (A) First Year Rentals $1,121,113.00 $6,862,394.00 $7,983,507.00 SPFASMRY UNITED STATES DEPARTMENT OF THE INTERIOR POSTSALE BUREAU OF OCEAN ENERGY MANAGEMENT 9-NOV-2018 Sale Number : 251 GULF OF MEXICO REGION PAGE: 4 Sale Identifier : GULF OF MEXICO Final Sale Summary by Bid System Sale Date : 15-AUG-2018 12 1/2% RS22 12 1/2 Total 1. Tracts Receiving Bids 32 32 2. Acres Receiving Bids 160,155.61 160,155.61 3. Sum of High Bids $4,691,650.00 $4,691,650.00 4. Sum of All Bids $4,691,650.00 $4,691,650.00 5. Total Number of Bids 32 32 6. Average Number of Bids 1.00 1.00 7. Companies Participating 13 13 8. (A) Highest Bid Per Tract $253,777.00 $253,777.00 (B) Number of Bids 1 1 (C) OCS Number(s) G36360 G36360 9. (A) Highest Bid Per Acre $122.62 $122.62 (B) Number of Bids 1 1 (C) OCS Number(s) G36389 G36389 SPFASMRY UNITED STATES DEPARTMENT OF THE INTERIOR POSTSALE BUREAU OF OCEAN ENERGY MANAGEMENT 9-NOV-2018 Sale Number : 251 GULF OF MEXICO REGION PAGE: 5 Sale Identifier : GULF OF MEXICO Final Sale Summary by Bid System Sale Date : 15-AUG-2018 10. (A) Largest Number of Bids 1 1 (B) Number of OCS/Tracts 32 32 (C) OCS Number(s) G36332 G36332 G36333 G36333 G36334 G36334 G36335 G36335 G36336 G36336 G36337 G36337 G36338 G36338 G36339 G36339 G36340 G36340 G36356 G36356 G36357 G36357 G36358 G36358 G36359 G36359 G36360 G36360 G36361 G36361 G36362 G36362 G36363 G36363 G36364 G36364 G36365 G36365 G36366 G36366 G36367 G36367 G36368 G36368 G36369 G36369 G36370 G36370 G36371 G36371 G36372 G36372 G36373 G36373 G36374 G36374 G36375 G36375 G36376 G36376 G36388 G36388 G36389 G36389 11. (A) Tracts Leased 32 32 (B) Acres Leased 160,155.61 160,155.61 (C) Accepted Bonuses $4,691,650.00 $4,691,650.00 12. (A) Rejected Tracts 0 0 (B) Rejected Acres 0.00 0.00 (C) Rejected Bonuses $0.00 $0.00 13. (A) First Year Rentals $1,121,113.00 $1,121,113.00 SPFASMRY UNITED STATES DEPARTMENT OF THE INTERIOR POSTSALE BUREAU OF OCEAN ENERGY MANAGEMENT 9-NOV-2018 Sale Number : 251 GULF OF MEXICO REGION PAGE: 6 Sale Identifier : GULF OF MEXICO Final Sale Summary by Bid System Sale Date : 15-AUG-2018 18 3/4% RS21 18 3/4% R21 18 3/4% R22 18 3/4% R23 18 3/4 Total 1. Tracts Receiving Bids 1 13 43 55 112 2. Acres Receiving Bids 4,388.42 74,880.00 245,064.71 316,800.00 641,133.13 3. Sum of High Bids $5,205,000.00 $8,088,663.00 $48,512,222.00 $111,571,871.00 $173,377,756.00 4. Sum of All Bids $5,205,000.00 $8,088,663.00 $57,385,226.00 $127,297,384.00 $197,976,273.00 5. Total Number of Bids 1 13 56 69 139 6. Average Number of Bids 1.00 1.00 1.30 1.25 1.24 7. Companies Participating 1 8 15 17 21 8.