Wednesday,
December 10
December 10
BOEM Gulf of America Lease Sale
The Bureau of Ocean Energy Management will hold the first of 30 Gulf of America lease sales mandated by the One Big Beautiful Bill Act enacted in July. Lease Sale “Big Beautiful Gulf 1” will make roughly 80 million acres available for leasing. In order to encourage strong industry participation, the bureau has set a 12.5 percent royalty rate for both shallow and deepwater leases, the lowest rate permitted by statute. In August, the U.S. Interior Department issued a long-term schedule for offshore oil and gas lease sales as directed by the act, which requires 30 lease sales in the Gulf of America and six in the Cook Inlet through 2040. READ MORE






