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Gulf Coast Energy high bidder on six shelf leases in central Gulf of Mexico lease sale


Published Mar 24, 2014
Gulf Coast Energy

Gulf Coast Energy Resources, LLC announced it was the apparent high bidder on six leases in the Central Gulf of Mexico Lease Sale 231 (through its subsidiary GCER Offshore, LLC (GCER).

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.

Tags: Gulf Coast Energy




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