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

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

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 includes 2 file(s)

  • Gulf of Mexico Western Lease Sale 238: US-Mexico border drives bidding PDF - 436.11 KB 6 Pages, 2 Tables, 3 Figures
  • Gulf of Mexico Western Lease Sale 238 US-Mexico border drives bidding.xls XLS - 273.50 KB


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  • A third of deepwater high bid value along the US-Mexico border
    • Deepwater high bid value continues to decrease for third sale in a row
    • Existing players maintain interest in the Shelf

In this report there are 5 tables or charts, including:

  • A third of deepwater high bid value along the US-Mexico border
    • Comparison of previous Western Lease Sales
    • 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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