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Operators pull back spend at US GoM Western Lease Sale 246


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.

What's included?

This report includes 2 file(s)

  • Operators pull back spend at US GoM Western Lease Sale 246 PDF - 415.44 KB 5 Pages, 2 Tables, 2 Figures
  • Operators pull back spend at US GoM Western Lease Sale 246.xls XLS - 337.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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

In this report there are 4 tables or charts, including:

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