Mexico deepwater licensing round closes on a high note with BHP securing Trion block in partnership with Pemex. In addition BP sanctions Mad Dog phase II and Mitsui re enters the region as Shell sells down its stake in Kaikias. Onshore Chesapeake finds a PE buyer for its Haynesville position and producers are rushing to lock in $55/bbl oil for 2017 after OPEC announcement last week. We interrogate all these topics in this note. Stories this week include: Mexico's deepwater licensing round closes with great success. Sit. Stay. Sanction! Mad Dog II fetches an FID from BP. Not quite Permania! but deepwater M&A gains momentum as Shell and Mitsui strike a deal. Private equity tightens its grip on the Haynesville with Indigo Minerals' purchase of Chesapeake acreage. Dakota Access easement denied a short lived victory? Surge in hedging activity indicated by flattening curve for oil price futures.