ConocoPhillips Tops High Bidders In Western Gulf Lease Sale

Law360, New York (August 28, 2013, 4:07 PM EDT) -- ConocoPhillips Co. emerged as the top bidder in Wednesday's offshore oil and gas lease sale conducted by the Bureau of Ocean Energy Management, with more than $50 million in high bids on blocks in areas including the Alaminos Canyon in the Gulf of Mexico.

The Houston-based oil giant submitted the most high bids in the auction that also involved 11 other bidders including Hess Corp., Chevron USA Inc., Exxon Mobil Corp., Shell Offshore Inc., Anadarko US Offshore Corp. and Statoil Gulf of Mexico LLC, according to...
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