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This excerpt taken from the MMR 10-K filed Feb 27, 2009.
TABLE OF CONTENTS
 
(0.53 million acres net to our interests). Less than 0.1 million of our net leasehold interests are scheduled to expire in 2009.  We also hold potential reversionary interests in oil and gas leases that we have farmed-out or sold to other oil and gas exploration companies.  Interest in these leases will partially revert to us upon the achievement of specified production thresholds or the realization of specified net production proceeds.

The following table shows the oil and gas acreage in which we held interests as of December 31, 2008. The table does not account for our gross acres associated with our farm-in, or certain other farm-out arrangements (approximately 0.10 million gross acres). For more information regarding our acreage position, see Note 3.

   
Developed
 
Undeveloped
   
Gross
 
Net
 
Gross
 
Net
   
Acres
 
Acres
 
Acres
 
Acres
Offshore (federal waters)
 
659,267
 
379,932
 
359,245
 
145,944
Onshore Louisiana and Texas
 
36,070
 
18,448
 
68,491
 
27,565
Total at December 31, 2008
 
695,337
 
398,380
 
427,736
 
173,509

These excerpts taken from the MMR 10-K filed Apr 24, 2008.
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These partnerships typically involve the exploration of our identified prospects or prospects that are brought to us by third parties and allow us to diversify our risks and better manage costs.

TABLE OF
CONTENTS

 

These
partnerships typically involve the exploration of our identified prospects or
prospects that are brought to us by third parties and allow us to diversify our
risks and better manage costs.



These excerpts taken from the MMR 10-K filed Mar 17, 2008.
TABLE OF CONTENTS
 
Our experience and recognition in the industry as a leader in drilling deep gas wells in the Gulf of Mexico also provides us with opportunities to partner with other established oil and gas companies.  These partnerships typically involve the exploration of our identified prospects or prospects that are brought to us by third parties and allow us to diversify our risks and better manage costs.

TABLE OF
CONTENTS

 

Our
experience and recognition in the industry as a leader in drilling deep gas
wells in the Gulf of Mexico also provides us with opportunities to partner with
other established oil and gas companies.  These partnerships typically
involve the exploration of our identified prospects or prospects that are
brought to us by third parties and allow us to diversify our risks and better
manage costs.



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