Insight

Gulf of Mexico Western Lease Sale 238: US-Mexico border drives bidding

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Report summary

Operators placed 81 high bids totalling US$110 million at the US Gulf of Mexico Western Lease (WLS) 238. 33 high bids were placed in deepwater along the US-Mexico maritime border, totalling US$35.7 million.  There were only four operators with high bids exceeding US$20 million:  Chevron spent US$25.8 million on five blocks, ConocoPhillips bid US$23.4 million on 10 blocks, BP bid US$22.8 million on 27 and BHP had 14 high bids, four outbidding BP, totalling US$21.9 million. 

What's included

This report contains

  • Document

    Gulf of Mexico Western Lease Sale 238: US-Mexico border drives bidding

    PDF 436.11 KB

Table of contents

Tables and charts

This report includes 4 images and tables including:

Tables

  • Comparison of previous Western Lease Sales

Images

  • High bids by operator - Shelf and deepwater
  • Shelf bids and bonuses by sale
  • Apparent high bids by block Western Lease Sale 238

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