average acreage value has declined from $300/acre to -$100/acre and declining further to $50/acre in the most recent bidding in March. Figure 92: GoM Production Outlook. 2014-2020e (Mbfd) 1600 1400 1200 1000 800 600 400 200 0 2014 2015 2016 2017 2018 2019 ■ Base Sew Data In aseciaaalenar. • Growth B