BP Macondo

Natural gas production in the Gulf of Mexico (GOM) has been falling for 15 years, hurt first by hurricane-related rig damage, then more recently by the side effects of the BP/Macondo disaster, the on-shore sale boom, and the resulting sag in gas prices. But GOM gas production is about to uptick, due largely to two big, long-planned oil and gas projects finally coming online. Is the upcoming increase in gas production in the Gulf the first sign of resurgence, or is it the energy-sector equivalent of a “dead cat bounce.” In this blog, we consider what is ahead for gas production in the GOM.