Beacon Offshore Energy Exploration was formally awarded Walker Ridge Block WR 544 (G36474) as of 1 November 2018. The block is expected to expire on 31 October 2028. The block, situated in the East Texas Coastal Basin, was originally offered as part of OCS Lease Sale 251, which was held on 15 August 2018. The sale garnered 171 bids for 144 tracts in both shallow and deepwater from a total of 29 companies. According to officials, a total of US$ 178,069,406 was received in high bids. Following official award, equity in WR 544 is shared between Beacon Offshore Energy Exploration (50% WI) and Houston Energy (50%). BOE Exploration & Production operates the block.
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