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Gulf of Mexico Lease Sale 250 - bargain hunter's paradise

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Report summary

The US Gulf of Mexico region-wide Lease Sale 250 was held on 21 March 2018. It attracted 159 bids from 33 participating companies, with high bids totalling US$124.8 million. On the surface it seems like a major rebound in activity from the last lease sale. But the total high bid amount is still close to historic lows, only increasing 3% from the August 2017 lease sale. Operators main focus was blocks around existing infrastructure and proven discoveries.

What's included

This report contains

  • Document

    Gulf of Mexico Lease Sale 250 - bargain hunter's paradise

    PDF 879.61 KB

Table of contents

    • Modest Lease Sale
    • Infrastructure is the sweet spot for operators
    • Companies take a second look
    • Recent discoveries Spur interest
    • BP steps up, while Anadarko steps back
    • Shelf delivers a surprise
    • Where does GoM go from here?
    • Acreage on offer
    • Timeline
    • Evaluation process

Tables and charts

This report includes 4 images and tables including:

Images

  • Top 10 companies by high bids in deepwater
  • Western Gulf of Mexico bid results
  • Shelf bids and bonuses by lease sale (2009-2017)

Tables

  • Most recent lease sales

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