Insight
Gulf of Mexico Lease Sale 250 - bargain hunter's paradise
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
-
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
-
Terms and conditions
- Timeline
- Evaluation process
Tables and charts
This report includes the following images and tables:
-
Top 10 companies by high bids in deepwaterMost recent lease salesWestern Gulf of Mexico bid resultsShelf bids and bonuses by lease sale (2009-2017)
What's included
This report contains:
Other reports you may be interested in
Asset Report
Mars
Mars is the largest development in the deepwater Gulf of Mexico, consisting of a massive oil and associated-gas field and three ...
$3,720
Asset Report
Thunder Horse
Thunder Horse is one of the largest oil fields found to date in the deepwater Gulf of Mexico. The monster field still contains one of ...
$3,720
Insight
US upstream in brief: Stone Ridge’s US$8 billion Marcellus bid tests Devon’s post-merger strategy
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
