Insight
US Gulf of Mexico Lease Sale 261: closing the curtain on the current leasing plan
*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 261 was held on 20 December 2023 and attracted 352 bids from 26 participating companies. The high bid amount totaled US$382 million, an increase of 45% (US$118 million) compared to the last lease sale held in March. We discuss highlights from the sale and implications for the region.
Table of contents
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Executive summary
- Sale analysis
- Companies bid high for deepwater blocks
- Majors continue reign as top bidders
- Independents step up bidding activity
- Privates build momentum with joint bids
- Shelf: CCUS ambitions continue, but a new player leads the bidding
Tables and charts
This report includes the following images and tables:
- Lease Sale 261 summary
- Central Gulf of Mexico bid results
- Western Gulf of Mexico bid results
- Top 10 companies by high bids
- Most recent Lease Sales (2019-2023)
- Company high bids US$
- Shelf bids and bonuses by Lease Sale (2017-2023)
- Shelf bids and bonuses by Lease Sale (2017-2023)
What's included
This report contains:
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