Lease Sale 256
November 18, 2020
Gulf of Mexico Lease Sale 256 was held in New Orleans on November 18, 2020. Sale 256, just completed, resulted in 105 bids, by 23 companies, on 93 tracts, for a total of $135,558,336. The total sum of apparent winning bids was $120,868,274, on approximately 0.5 million acres. The last fall sale in 2019, Sale 253 resulted in 165 bids, by 27 companies, on 151 tracts, for a total of $174,922,200. The total sum of apparent winning bids was $159,386,761, on approximately 0.8 million acres.
The big players, in terms of number of tracts bid on, are:
- Shell Offshore Inc. - 22 bids
- Chevron U.S.A. Inc. - 13 bids
- BP Exploration & Production Inc. - 13 bids
- EnVen Energy Ventures - 13 bids
- Repsol E&P USA Inc. - 9 bids
In terms of total amount exposed, we have:
- Shell Offshore Inc. - $28.5 million
- Chevron U.S.A. Inc. - $22.5 million
- Equinor Gulf of Mexico LLC - $22.2 million
- BP Exploration & Production Inc. - $19.3 million
- Anadarko US Offshore LLC - $8.7 milion
In terms of total amount of high bids, we have:
- Shell Offshore Inc. - $27.9 million
- Equinor Gulf of Mexico LLC - $22.2 million
- BP Exploration & Production Inc. - $17.1 million
- Chevron U.S.A. Inc. - $17.1 million
- EnVen Energy Ventures - $7.7 milion