Happy Wednesday!
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 announced
a final date in December for BBG1 lease sale and now they have a tentative second date.
Did anyone happen
to receive the News Release from the Bureau of Ocean Energy
Management (BOEM) on November 19, 2025, their News Release titled, “BOEM
Proposes Second Gulf of America Lease Sale Under the One Big Beautiful Bill Act”? 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 recommended date
for the second of thirty Gulf of America (Mexico) lease sales. The Oil
and Gas Lease Sale (BBG2) has a tentative date of March 11, 2026. Again, like the BBG1 lease sale the BOEM
has lowered the royalty rate to 12.5% for this proposed sale, ever since
the price of crude oil is still low. The
proposed BBG2 lease sale submitted around 80 million acres of the Outer
Continental Shelf which have been divided into 15,000 unleased areas of various
depths and distances from shore. The Federal
Register will have the Proposed Notice of Sale for BBG2 issued tomorrow, November 20, 2025, which will open
the 60-day comment period for local and state governments. We let
you know, if we hear anything else from the BOEM on a final notice on BBG2
or anything else. If you would like to
read more of the BOEM’s News Release, please click the link: BOEM Proposes Second Gulf of America Lease Sale Under the One Big Beautiful Bill Act| 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. **