Insight
US Gulf of Mexico Lease Sale 249: Operators take a deep breath and look around infrastructure
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The US Gulf of Mexico region-wide Lease Sale 249 was held on 16 August 2017. It attracted 99 bids from 27 participating companies, with high bids totalling US$121 million. Activity is down by roughly half from the March 2017 Central Lease Sale 247. However, full year activity out performs 2016 by nearly twice. Operators main focus was blocks around existing infrastructure and step-out exploration opportunities.
Table of contents
- Acreage on offer
-
Terms and conditions
- Timeline
- Evaluation process
-
Sale analysis
- Infrastructure-led investment is priority
- Private equity pulls back but does not go away
- A vote of confidence for standalone prospects
- Shelf activity fails to get a boost on the heels of federal royalty relief
- Combining two into one
Tables and charts
This report includes the following images and tables:
-
Top 10 companies by high bids in deepwaterShelf bids and bonuses by lease sale (2009-2017)Most recent lease sales
What's included
This report contains:
Other reports you may be interested in
Insight
US upstream in brief: Baytex divests Eagle Ford for US$2.3 billion to focus on Canadian operations
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
Asset Report
Monument (WR 272)
Monument is a large oil field located in the Walker Ridge protraction area of the US Gulf of Mexico.
$3,720
Insight
Global oil supply short-term update - August 2025
OPEC continue accelerated production return; US Lower 48 supply outlook downgraded
$1,350
