Proceeds from BP Exploration and Production Inc.
and Transocean Deepwater Inc.
BP | Transocean | Total | ||
Proceeds received: | 2013: | $ 5,000,000 | $ 2,000,000 | $ 7,000,000 |
2014: | $ 15,000,000 | $ 7,000,000 | $ 22,000,000 | |
Proceeds received to date: | $ 20,000,000 | $ 9,000,000 | $ 29,000,000 | |
Proceeds to be received: | 2015: | $ 45,000,000 | $ 21,000,000 | $ 66,000,000 |
2016: | $ 80,000,000 | $ 60,000,000 | $ 140,000,000 | |
2017: | $ 90,000,000 | $ 60,000,000 | $ 150,000,000 | |
2018: | $ 115,000,000 | - | $ 115,000,000 | |
Proceeds to be received: | $ 330,000,000 | $ 141,000,000 | $ 471,000,000 | |
Total Proceeds: | $ 350,000,000 | $ 150,000,000 | $ 500,000,000 | |
Gulf Research Program Financial Overview
(4/15/2013 - 12/31/2014)
Proceeds Received | $ 29,000,000 |
Investment Return (includes dividends) | $ 2,391,698 |
Total Funds Available | $ 31,391,698 |
Program Expenditures through 12/31/2014 | $ (4,391,100) |
Net Funds Available at 12/31/2014 | $ 27,000,598 |
Cash on Hand for Expenditures | $ 32,855 |
Funds Invested | $ 26,967,743 |
Net Funds Available at 12/31/2014 | $ 27,000,598 |