Top Bids Total $87.2 Million in Gulf Lease Auction
Sixteen companies submitted 69 bids on 59 tracts as the third Gulf auction in eight months drew strong interest in deepwater acreage.
7 Articles
7 Articles
The Advocate
NolaOil companies bid $83 million for right to drill in Gulf in third lease sale in 8 months
WASHINGTON – Energy companies agreed to pay nearly $83 million for the right to search for and produce oil and natural gas below the Gulf seafloor – with Louisiana state and local governments receiving a big chunk of those federal…
Over $82 Million Generated in 3rd Gulf of America Oil and Gas Lease Sale
The United States netted more than $82.68 million through the third Gulf of America offshore oil and gas lease sale mandated by the One Big Beautiful Bill Act, according to the Department of the Interior (DOI). The One Big Beautiful Bill Act, signed by President Donald Trump last year, required the secretary of the interior to hold at least 30 oil and gas lease sales in the Gulf of America region by 2040. The recently concluded Big Beautiful Gu…
Latest Gulf Lease Sale Builds Momentum for American Energy Dominance
The Department of the Interior’s third mandated Gulf of America lease sale sent a clear message: momentum behind American offshore energy keeps building. The Big Beautiful Gulf 3 (BBG3) auction drew $82.7 million in high bids on Wednesday, up more than 75 percent from March, with 16 companies submitting 69 bids on roughly 330,000 acres of the Outer Continental Shelf. It is the third of 30 sales mandated through 2040 under the One Big Beautiful B…
Third Gulf oil lease auction in 8 months brings in $82.7M - BIZ Magazine
By Alton Wallace | The Center Square (The Center Square) – The federal government’s auction of offshore oil leases in the Gulf of America on Wednesday brought in $82.7 million in high bids, as participating companies showed strong interest in …
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
