Independents and deep water rule western Gulf of Mexico lease sale

Click here to enlarge imageThe eastern reaches of the Garden Banks area drew the largest concentration of bids at the Aug. 22 sale of US federal oil and natural gas leases in the western Gulf of Mexico.Discoveries, developments, and infrastructure now dot the northeast portion of Garden Banks, and companies came to the sale to advance development and exploration aspirations there.Bidding by independent companies and deepwater potential dominated the sale, which drew $165.6 million in high bids for 320 tracts out of 4,114 offered.The 386 bids submitted by 50 participating companies totaled nearly $190 million, officials reported. It was the fourth largest federal lease sale in a decade, ...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected