Oil and gas companies opening wallets as lease sales grow scarcer

The Biden administration in December signed off on a plan to conduct the fewest oil and gas lease sales in history, with just three auctions in the Gulf of Mexico planned in the next five years. Now, oil and gas companies are changing their bidding strategies to scoop up leases when they are available. George Laguros, a technical research principal with S&P Global Commodity Insights, spoke with Starr Spencer, senior editor for oil news at S&P Global Commodity Insights, to discuss the recent lease sale, and what might be next for leases after the election. Stick around for Chris van Moessner with the Market Minute, a near-term look at oil market drivers.

You can listen to Oil and gas companies opening wallets as lease sales grow scarcer online on Radio and Podcast. Open the player on this page to stream the available audio.

Oil and gas companies opening wallets as lease sales grow scarcer is an episode from Capitol Crude: The US Oil Policy Podcast by S&P Global Commodity Insights.

This episode is 15:58 long.

This episode was published on Jan 22, 2024.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Capitol Crude: The US Oil Policy Podcast when more episodes are available from the podcast feed.