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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.

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

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

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Table of contents

Tables and charts

This report includes 4 images and tables including:

Images

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

Tables

  • Comparison of previous Western Lease Sales

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