Insight
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 contains
Table of contents
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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
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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