Bud's Offshore Energy (BOE)

Per our previous post, “Ominous signs for the future of Gulf of Mexico production,” Lars Herbst has plotted (below) deepwater GoM field discoveries dating back to the early days of deepwater drilling operations.

These are official USGS, MMS, and BOEM data (depending on the era) for field discoveries in >1000′ of water. Note that the last discovery was in March 2021.

This is a discouraging graphic given that the deepwater GoM is currently the only option for significant new US offshore production.