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.