Mariner Energy fka ME

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ME: Mariner Energy Announces 9 Blocks From MMS Oil and Gas Lease Sale Have Been Awarded
Tuesday June 13, 6:46 pm ET


HOUSTON, June 13 /PRNewswire-FirstCall/ -- Mariner Energy, Inc. (NYSE: ME - News) announced today that it has been awarded nine blocks on which it was the high bidder at the March 15th Minerals Management Service (MMS) OCS Oil and Gas Lease Sale 198. The blocks awarded include the block on which Mariner made its highest bid and two blocks located in deepwater areas of the Gulf of Mexico (depths greater than 400 meters). Mariner's net cost exposure for the nine blocks is approximately $16.5 million. Its bid on a tenth block on which it was also the high bidder was not awarded.
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Mariner Energy, Inc. is an independent oil and gas exploration, development and production company with principal operations in the Gulf of Mexico and the Permian Basin in West Texas. For more information about Mariner, please visit its website at http://www.mariner-energy.com