The twin challenges of low oil prices and uncertain demand recovery that has resulted from the coronavirus pandemic this year – which with more clarity might lift prices somewhat –did not appear to dampen operator enthusiasm for obtaining US Gulf of Mexico acreage during that region’s offshore lease sale Nov. 18. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The event, Sale 256, not only bested total high bids from the previous such event, taking in nearly $120.9 million in total high bids during the day’s auction, compared to $93 million captured during Sale 254 in March 2020, but showed deepwater is still alive and kicking from numbers of million- and multimillion-dollar individual bids. The total […]