Lease Sale 259
March 29, 2023
Gulf of Mexico Lease Sale 259 was held in New Orleans on March 29, 2023. Sale 259, just completed, 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 last sale in 2021, Sale 257 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 big players, in terms of number of tracts bid on, are:
- Chevron U.S.A. Inc. - 81 bids
- Exxon Mobil Corporation - 69 bids
- BP Exploration & Production Inc. - 52 bids
- Shell Offshore Inc. - 27 bids
- Equinor Gulf of Mexico LLC - 17 bids
- Anadarko US Offshore LLC - 17 bids
In terms of total amount exposed, we have:
- Chevron U.S.A. Inc. - $120.1 million
- BP Exploration & Production Inc. - $60.3 million
- Shell Offshore Inc. - $24.2 million
- Equinor Gulf of Mexico LLC - $19.0 million
- Anadarko US Offshore LLC - $13.1 milion
In terms of total amount of high bids, we have:
- Chevron U.S.A. Inc. - $108.0 million
- BP Exploration & Production Inc. - $46.6 million
- Shell Offshore Inc. - $20.1 million
- Equinor Gulf of Mexico LLC - $18.3 million
- Exxon Mobil Corporation - $9.8 milion