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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.

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    Operators pull back spend at US GoM Western Lease Sale 246

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    Operators pull back spend at US GoM Western Lease Sale 246.xls

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Table of contents

Tables and charts

This report includes 4 images and tables including:

Images

  • Shelf bids and bonuses by sale
  • Apparent high bidders by block in Western Lease Sale 246

Tables

  • Western Lease Sale 246 summary
  • Comparison of previous Western Lease Sales

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