Insight
Gulf of Mexico Lease Sale 250 - bargain hunter's paradise
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.
Table of contents
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Sale analysis
- 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
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Terms and conditions
- Timeline
- Evaluation process
Tables and charts
This report includes 4 images and tables including:
- Top 10 companies by high bids in deepwater
- Most recent lease sales
- Western Gulf of Mexico bid results
- Shelf bids and bonuses by lease sale (2009-2017)
What's included
This report contains:
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