Dominion E&P Unit High Bidder On 14 Blocks, 10 in Deepwater in Central Gulf of Mexico Lease Sale.Business Editors NEW ORLEANS--(BUSINESS WIRE)--March 16, 2000 The exploration and production unit of Dominion Resources Dominion NYSE: D (formerly Dominion Resources) is a power and energy company headquartered in Richmond, Virginia, USA, that supplies electricity, natural gas, or other energy services to homes in Virginia, West Virginia, Ohio, Pennsylvania, and eastern North Carolina. , Inc., (NYSE NYSE See: New York Stock Exchange :D) acting alone or with partners, was the apparent high bidder on 14 blocks, including 10 in deepwater, at the Central Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east Lease Sale 175 held in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded yesterday. Dominion's share of the bids totalled $16.04 million. The Dominion E&P unit has a 100 percent interest in six blocks: East Cameron 40, Vermilion vermilion, vivid red pigment of durable quality. It is a chemical compound of mercury and sulfur and is known as red sulfide of mercury; it was formerly obtained by grinding pure cinnabar but is now commonly prepared synthetically. 269, Ship Shoal 225, Viosca Knoll 829, Atwater Valley 91 and Atwater Valley 92. Dominion has a 31.25 percent to 50 percent interest in eight blocks: West Cameron 216, Mississippi Canyon 299, Mississippi Canyon 734, Green Canyon 338, Green Canyon 339, Green Canyon 603, Green Canyon 679 and Green Canyon 958. The Dominion E&P unit now owns interests in 53 leases on deepwater blocks. As is customary, the high bids will be reviewed by the Minerals Management Services of the U.S. Department of the Interior before leases are awarded. Dominion is an energy holding company in Richmond, Virginia Richmond IPA: [ɹɯʒmɐnɖ] is the capital of the Commonwealth of Virginia, in the United States. , with an exploration and production unit located in New Orleans and Houston. The exploration and production unit explores for and produces natural gas and oil throughout the United States and Canada. Dominion's recent merger with Consolidated Natural Gas Company created the nation's largest fully integrated natural gas and electric company. Dominion has four million customers, 20,000 megawatts of electric power generation, 3 trillion cubic feet of natural gas and oil reserves, and operates North America's largest natural gas storage system. |
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