Lease Sale 257
November 17, 2021
Gulf of Mexico Lease Sale 257 was held in New Orleans on November 17, 2021. Sale 257, just completed, resulted in 317 bids, by 33 companies, on 308 tracts, for a total of $198,511,834. The total sum of apparent winning bids was $191,688,984, on approximately 1.7 million acres. The last fall sale in 2020, Sale 256 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 big players, in terms of number of tracts bid on, are:
- Exxon Mobil Corporation - 94 bids
- BP Exploration & Production Inc. - 47 bids
- Chevron U.S.A. Inc. - 35 bids
- Anadarko US Offshore LLC - 31 bids
- Shell Offshore Inc. - 20 bids
In terms of total amount exposed, we have:
- Chevron U.S.A. Inc. - $48.3 million
- Anadarko US Offshore LLC - $39.6 million
- BP Exploration & Production Inc. - $29.8 million
- Shell Offshore Inc. - $17.9 million
- Exxon Mobil Corporation - $14.9 milion
In terms of total amount of high bids, we have:
- Chevron U.S.A. Inc. - $47.1 million
- Anadarko US Offshore LLC - $39.0 million
- BP Exploration & Production Inc. - $29.0 million
- Shell Offshore Inc. - $17.9 million
- Exxon Mobil Corporation - $14.9 milion