BHP plans to divest its entire onshore US portfolio following months of strategic review and activist pressure. All options for this exit are on the table including a demerger piecemeal divestments an asset swap or an IPO. Further M&A deals also occurred across the Lower 48 with Sanchez in the Eagle Ford and Alta Mesa in the Mid Con. Activity at the US Gulf of Mexico Lease Sale 249 was led by Shell with nearly 20 bids. Elsewhere onshore US rig counts declined for a third consecutive week.