Insight

Operators pull back spend at US GoM Western Lease Sale 246

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

20 August 2015

Operators pull back spend at US GoM Western Lease Sale 246

Report summary

Only five operators participated in the US Gulf of Mexico Western Lease (WLS) 246, placing 33 bids totalling US$22.7 million. This is the lowest number of bids in any Western Lease Sale since the first was held in 1983, as the long-term trend in declining interest in Western GoM was compounded by low oil prices. Spend averaged US$125/acre and US$26/acre for deepwater and Shelf respectively – half the per acre spend of the 2014 lease sale.

Table of contents

  • Operators pull back spend at US GoM Western Lease Sale 246

Tables and charts

This report includes 4 images and tables including:

  • Western Lease Sale 246 summary
  • Comparison of previous Western Lease Sales
  • Shelf bids and bonuses by sale
  • Apparent high bidders by block in Western Lease Sale 246

What's included

This report contains:

  • Document

    Operators pull back spend at US GoM Western Lease Sale 246

    PDF 415.44 KB

Other reports you may be interested in

Browse reports by Industry Sector