Insight
Gulf of Mexico Lease Sale 253: capital discipline is the name of the game
*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 Lease Sale 253 was held on 21 August 2019 and received 165 bids from 27 companies. The total high bid amount decreased by 35% to US$159.4 million, compared to the March 2019 lease sale. However, the combined high bid amount for both region-wide 2019 lease sales is US$403.6 million, the highest since 2015. In this Insight, we discuss key trends observed in the lease sale and potential reasons for the decline in bidding activity.
Table of contents
- Executive summary
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Sales analysis
- Low cost of entry
- Independents pack a punch
- ILX games
- The shelf stays shallow
- Conclusion
Tables and charts
This report includes the following images and tables:
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Lease Sale 253 summaryFive most recent Lease Sales (2017 - 2019)Central Gulf of Mexico bid results
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Top 10 companies by high bidsWestern Gulf of Mexico bid resultsFive most recent Lease Sales (2017 - 2019)Shelf bids and bonuses by lease sale (2013-2019)
What's included
This report contains:
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