The Bureau of Ocean Energy Management (BOEM) held its Western Gulf of Mexico (GOM) Lease Sale 233 on August 28, 2013, which raised $102.4 million in high bids. The event auctioned 3,873 tracts from nine to 250 miles offshore, in water depths ranging from 16 to more than 10,975 feet. By comparison, the Central Gulf of Mexico Lease Sale netted $1.2 billion from 307 tracts covering 1.6MM acres.

A total of 61 bids were received from 12 respective companies on 53 offshore leases, representing 20.7 million acres. Just six of the bids focused on ultr...


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