Callon Successful Bidder on 12 Blocks at OCS Lease Sale #200
Callon Petroleum was the apparent high bidder on 12 offshore tracts at Outer Continental Shelf (OCS) Western GOM Lease Sale #200 conducted by the U.S. Department of the Interior's Minerals Management Service in New Orleans. Eight are located on the shelf and four are in the deepwater region. The company's successful bids totaled $3.7 million, and the results appear in the table below.
Block /Number Partner Callon W.I. ------------- ------- ----------- Brazos Area A-46 N/A 100% Brazos Area A-71 N/A 100% Brazos Area A-75 Phoenix Exploration Company 33.3% Brazos Area A-103 Phoenix Exploration Company 33.3% High Island 200 Phoenix Exploration Company 66.7% Matagorda Island 679 Phoenix Exploration Company 33.3% Matagorda Island 707 Phoenix Exploration Company 33.3% Matagorda Island 712 Phoenix Exploration Company 33.3% Alaminos Canyon 20 N/A 100% Alaminos Canyon 243 N/A 100% Alaminos Canyon 244 N/A 100% East Breaks 988 N/A 100%
Bids are subject to approval by the Minerals Management Service.
"We are excited with the results as we continue to add to our inventory of drilling prospects. We are particularly pleased to be the high bidder on four deepwater blocks --three in Alaminos Canyon and one in East Breaks," explains Fred Callon, chairman and CEO.
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