Dominion Wins 12 Blocks in Central Gulf of Mexico Sale
Dominion Exploration, individually and with partners, was the apparent successful high bidder on 12 blocks, seven in Deepwater and five on the Continental Shelf at the Central Gulf of Mexico Lease Sale 185, held in New Orleans. Dominion's share of bids totaled $13,510,657.
Dominion has a 100 percent working interest in apparent high bids for the five blocks on the Shelf and 37.5 percent to 100 percent working interest in the seven Deepwater blocks.
Dominion's apparent high bids on the Shelf were focused in the company's core area of northern West Cameron, where the company owns a working interest in three producing fields (WC 100, WC 76, and WC 130) and a recent discovery at WC 72. In the Deepwater, the company's apparent high bids were concentrated around the company's existing Devils Tower and Front Runner discoveries in Mississippi Canyon and Green Canyon.
Duane Radtke, president and chief executive officer of Dominion E & P, said, "We are very pleased with our results from Sale 185. We placed winning bids on our top-ranked prospects on the Shelf against stiff competition and strengthened our position around key assets in Deepwater. These quality exploration opportunities nicely complement our existing Gulf of Mexico portfolio."
As is customary, the Minerals Management Services of the U. S. Department of Interior will review the high bids before awarding them.
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- 2007 Mr. Spindletop Retires: Dominion Bids Farewell to Radtke (Jan 04)
- Dominion Closes Sale on its E&P Mid-Continent Properties (Aug 31)