Offshore - GOM
Preliminary sale statistics show 29 companies placed 171 bids on 144 blocks in the U.S. GoM.
As a result, W&T Offshore appointed Janet Yang, currently vice president of corporate and business development of the Houston-based E&P, as acting CFO.
As the next U.S. Gulf of Mexico lease sale nears, analysts believe there could be a slight increase in bidding activity.
Kosmos CEO Andrew Inglis said he believes a huge opportunity has opened in the U.S. Gulf of Mexico as many competitors leave the region for onshore shale.
The company plans to begin production from its first full-pad development at Silvertip-A in Loving County, Texas, in second-half 2018.
The company said the well began producing July 10, about 60 days before the originally planned completion date in early September. The well was drilled in January by Stone Energy Corp. prior to the closing of its merger with Talos.
Lopez Obrador takes office in December following his landslide election victory on July 1. The auctions are scheduled for Feb. 14.
BP retained EnergyNet to sell an offshore overriding royalty interest (ORRI) package in the U.S. Gulf of Mexico through a sealed bid offering.
The U.S. Department of the Interior said on July 12 it would hold a record-sized auction for oil and gas leases in the Gulf of Mexico (GoM) in August, in an attempt to spark interest in offshore drilling months after a similar sale received a weak response from energy companies.
Scott Gutterman joined LLOG Exploration in 1993 and has held several senior positions at the privately-owned E&P focused on deepwater GoM including 12 years as president and CEO.