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Appetite for exploration seen in latest offshore oil, gas lease sale

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Manage episode 360275535 series 2845965
Content provided by S&P Global Commodity Insights and P Global Commodity Insights. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by S&P Global Commodity Insights and P Global Commodity Insights or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

US Gulf of Mexico Lease Sale 259, held at the end of March, was closely watched as the first oil and gas auction offered in that area since November 2021. And given that expectations weren’t too high, the auction actually turned out quite well. It attracted 353 bids across 313 blocks and captured $264 million in apparent high bids – the highest total in six years.

S&P Global Commodity Insights senior editor Starr Spencer spoke with George Laguros, a senior research analyst with S&P Global, about the some of the “surprising” results of the offshore lease sale and some interesting, if not unusual, bidding patterns pursued by some of the participants.

Stick around after the interview for Binish Azhar with the Market Minute, a look at near-term oil market drivers.

  continue reading

478 episodes

Artwork
iconShare
 
Manage episode 360275535 series 2845965
Content provided by S&P Global Commodity Insights and P Global Commodity Insights. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by S&P Global Commodity Insights and P Global Commodity Insights or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

US Gulf of Mexico Lease Sale 259, held at the end of March, was closely watched as the first oil and gas auction offered in that area since November 2021. And given that expectations weren’t too high, the auction actually turned out quite well. It attracted 353 bids across 313 blocks and captured $264 million in apparent high bids – the highest total in six years.

S&P Global Commodity Insights senior editor Starr Spencer spoke with George Laguros, a senior research analyst with S&P Global, about the some of the “surprising” results of the offshore lease sale and some interesting, if not unusual, bidding patterns pursued by some of the participants.

Stick around after the interview for Binish Azhar with the Market Minute, a look at near-term oil market drivers.

  continue reading

478 episodes

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