After the crash – what's changed in the US Gulf of Mexico?

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The US GoM is leaner and nimbler than it was in the last price downturn. But the implications of the most recent crash in prices will be felt for years to come. Investment, cash flow, exploration and project sanctions have all seen major recalibrations. In this report, we have outlined the five key findings from our revised Lens Upstream dataset to show what current market conditions mean for companies operating in the US GoM.

Table of contents

    • Low prices take a toll on valuations
    • US GoM companies try to live within cash flow
    • Exploration and leasing are hit the hardest
    • Leasing spend crashes
    • Exploration plans get halved
    • No project gets the greenlight
    • Conclusion

Tables and charts

This report includes 7 images and tables including:

  • Remaining NPV 10 (Jan 2020 dataset)
  • Capex revision
  • Production revision
  • Assets most impacted by 2020 capex reductions
  • Company cash flows in 2020
  • Exploration activity outlook (2020)
  • Projects with deferred FID

What's included

This report contains:

  • Document

    After the crash_what's changed in the US Gulf of Mexico.xlsx

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    After the crash – what's changed in the US Gulf of Mexico?

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