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US Gulf of Mexico Lease Sale 249: Operators take a deep breath and look around infrastructure

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18 August 2017

US Gulf of Mexico Lease Sale 249: Operators take a deep breath and look around infrastructure

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
    • Timeline
    • Evaluation process
    • 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 3 images and tables including:

  • Top 10 companies by high bids in deepwater
  • Shelf bids and bonuses by lease sale (2009-2017)
  • Most recent lease sales

What's included

This report contains:

  • Document

    US Gulf of Mexico Lease Sale 249: Operators take a deep breath and look around infrastructure

    PDF 952.78 KB

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