Six GoM blocks for Gulf Coast Energy Resources
- Business & Finance
Gulf Coast Energy Resources, LLC has 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.
Gulf Coast Energy Resources, LLC is a Warburg Pincus, Quantum Energy Partners and Global Reserve Group, LLC backed exploration and production company that was formed in 2010 and is headquartered in Houston, Texas. The company’s strategy is to acquire, exploit, and explore for oil and natural gas in the Gulf Coast region of Texas and Louisiana.
Press Release, March 21, 2014