
Gulf of America lease sale draws $82.7 million in high bids
The third Gulf of America oil and gas lease sale generated $82.7 million in high bids, with 16 companies submitting 69 bids for 59 offshore blocks.

The third Gulf of America oil and gas lease sale generated $82.7 million in high bids, with 16 companies submitting 69 bids for 59 offshore blocks.

BOEM has issued the Final Notice of Sale for Big Beautiful Gulf 3, covering about 15,100 offshore blocks and 80.4 million acres in the Gulf of America.

BOEM advances BBG2, proposing 15,066 unleased blocks covering 80.4 million acres in the Gulf of America. Live bid reading is set for 11 March 2026 at 9 a.m. CT.
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