Platts - The Barrel: Don't bid farewell to deep shallow waters just yet

Western Gulf of Mexico Lease Sale 210 was a record of sorts for several reasons. Not only did it rake in the lowest dollar-total of apparent high bids ($115.5 million) on the fewest blocks (162) in a decade, but it was the first sale in at least 13 years where not a single bid was received for tracts in the 200 to 400 meter water depth range.