Happy Veteran’s Day!
We would like to thank all of those who served in the armed
forces, who made sacrifices to keep our country safe, and to help preserve all
the freedoms we cherish! Thank You!
Happy Tuesday!
We have an update to the latest
announcement from Department of Interior’s Bureau of Ocean Energy
Management’s (BOEM) and Gulf of America (Mexico) and their regularly
scheduled Oil and Gas Lease Sales. We blogged on the BOEM having
completed its Final Programmatic Environmental Impact Statement in August, and
we now have a date on the books. The BOEM
has a low royalty rate on these two lease sales ever since they want industry
participation.
Did anyone happen to receive the News Release from the Bureau of Ocean Energy Management (BOEM) on November 7, 2025, their News Release titled, “BOEM Advances First two OBBBA Offshore Lease Sales – Proposed and Final Notices of Sale Outline Path for Expanded Offshore Leasing in Alaska and Gulf of America”? In the release, it speaks on how Department of Interior’s Bureau of Ocean Energy Management (BOEM) under the direction of One Big Beautiful Bill Act (BBBA) (H.R.1) has announced a date for the first of 30 Gulf of America (Mexico) lease sales and a tentative date for the first of six lease sales for Alaska’s Cook Inlet. The Oil and Gas Lease Sale (BBG1) will be live at 9 a.m. on December 10, 2025, for information on the sale; click the link. The BOEM has issued the notice for the Gulf of America BBG1 in the Federal Register on November 10, 2025. The BOEM has lowered the royalty rate to 12.5% on this lease sale ever since the price of crude oil being low. On another note, the oil and gas lease sale in Alaska’s Cook Inlet (BBC1) has a tentative date of March 4, 2026, and a final notice will be published at a later date. The Proposed Lease Sale BBC1 was announced in the Federal Register on November 10, 2025. BBC1 lease sale will have 12.5% royalty rate, too. We let you know, if we hear anything else from the BOEM. If you would like to read more of the BOEM’s News Release, please click the link: BOEM Advances First Two OBBBA Offshore Lease Sales | Bureau of Ocean Energy Management.
If you would like help in looking into how to transport your liquid product efficiently and with less of a carbon footprint, contact us via the email in the Blog and check out our ESC website!
We hope you have a wonderful evening and a great week!
**Disclaimer: Please see the News Release from the BOEM
for exact information. **