Insight

US Gulf of Mexico lease sale 256: business as usual

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18 November 2020

US Gulf of Mexico lease sale 256: business as usual

Report summary

The US Gulf of Mexico lease sale 256 was held on 18 November 2020 and received 105 bids from 23 companies. The lease sale attracted US$121 million in high bids. We anticipated some trepidation because political and regulatory uncertainly is still in the air. But companies were able to ignore the distractions and stick to strategies that were in motion prior to the wild spins of 2020. In this Insight, we discuss key trends observed in the lease sale.

Table of contents

  • Executive summary
    • Companies proceed with business as usual
    • Majors and private companies upped their bids
    • Strategic bidding sticks
  • Conclusion

Tables and charts

This report includes 6 images and tables including:

  • Lease Sale 256 summary
  • Most recent lease sales (2018 - 2020)
  • Central Gulf of Mexico bid results
  • Western Gulf of Mexico bid results
  • Most recent lease sales (2018-2020)
  • Top 10 companies by high bids in deepwater

What's included

This report contains:

  • Document

    GoM Lease Sale 256 Graphs and Table.xlsx

    XLSX 125.43 KB

  • Document

    US Gulf of Mexico lease sale 256: business as usual

    PDF 1.03 MB