Lease Sale 261
December 20, 2023
Gulf of Mexico Lease Sale 261 was held in New Orleans on December 20, 2023. Sale 261, just completed, resulted in 352 bids, by 26 companies, on 311 tracts, for a total of $441,896,332. The total sum of apparent winning bids was $382,168,507, on approximately 1.7 million acres. The last sale in 2023, Sale 259 resulted in 353 bids, by 32 companies, on 313 tracts, for a total of $309,798,397. The total sum of apparent winning bids was $263,801,783, on approximately 1.7 million acres.
The big players, in terms of number of tracts bid on, are:
- Shell Offshore Inc. - 73 bids
- Anadarko US Offshore LLC - 57 bids
- Repsol E&P USA LLC - 46 bids
- Chevron U.S.A. Inc. - 32 bids
- BP Exploration & Production Inc. - 27 bids
In terms of total amount exposed, we have:
- Hess Corporation - $90.3 million
- Anadarko US Offshore LLC - $89.4 million
- Shell Offshore Inc. - $74.6 million
- Chevron U.S.A. Inc. - $33.6 million
- Woodside Energy (Deepwater) Inc. - $25.6 milion
In terms of total amount of high bids, we have:
- Hess Corporation - $88.3 million
- Anadarko US Offshore LLC - $74.2 million
- Shell Offshore Inc. - $69.0 million
- Chevron U.S.A. Inc. - $25.8 million
- Woodside Energy (Deepwater) Inc. - $24.8 milion