Insight
Operators pull back spend at US GoM Western Lease Sale 246
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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:
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