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US Gulf of Mexico lease sale 257: CCS brings attention to the Shelf

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19 November 2021

US Gulf of Mexico lease sale 257: CCS brings attention to the Shelf

Report summary

Lease Sale 257 attracted 317 bids from 33 participating companies with the high bid amount totalling US$191 million. The number of blocks receiving bids increased by 88% when compared to the total number of blocks bid on in 2020, but the high bid amount fell by 10% to a new record low. The shelf surprised on the upside and drove bidding activity with ExxonMobil as the chief player. BP, Chevron, and Occidental Petroleum emerged as top spenders for deepwater blocks.

Table of contents

  • Executive summary
  • Lease sale analysis
  • Which companies were the top spenders?
  • Privates and Independents' participation was muted
  • Comeback of previously rejected bids
  • Conclusion

Tables and charts

This report includes 6 images and tables including:

  • Lease Sale 257 summary
  • Most recent lease sales (2019 - 2021)
  • Western Gulf of Mexico bid results
  • Shelf bid and bonuses by lease sale (2016 - 2021)
  • Central Gulf of Mexico bid results
  • Top 10 companies by high bids in deepwater

What's included

This report contains:

  • Document

    US Gulf of Mexico lease sale 257: CCS brings attention to the Shelf

    PDF 1.13 MB