For reference, the lease for BOEM OCS-A 0499 lease cost around a million dollars for the winning bid a few years earlier[1]. We're way off on their claim. Even

For reference, the lease for BOEM OCS-A 0499 lease cost around a million dollars for the winning bid a few years earlier[1]. We're way off on their claim. Even if they had 20x these leases to write down it's still a small percent of the claimed loss. [1] https://www.boem.gov/sites/default/files/documents/oil-gas-energy/leasing/OCS-A%200499%20Lease.pdf https://www.boem.gov/sites/default/files/documents/oil-gas-e...