Happy Thursday!
Well, we love an update!
BBG2 offshore lease sale is quickly approaching in March, therefore get
in your sealed bids, check out our previous blog for details. The BOEM wants to get another one is our sights.
Did anyone happen to receive the News Release
from the Bureau of Ocean Energy Management (BOEM) on February 19,
2026, their News Release titled, “BOEM Proposes Third Gulf of America Lease
Sale Under the One Big Beautiful Bill Act”?
In the release to stakeholders, it speaks on how Department of
Interior’s Bureau of Ocean Energy Management (BOEM) has recommended another
Gulf of America (Mexico) offshore lease sale and it will be called, “Lease Sale
Big Beautiful Gulf 3 (BBG3)”and the sale will possibly be August 12, 2026. The proposed BBG3 will be the third out of the
thirty required by One Big Beautiful Bill Act (OBBBA) and as promised the BOEM
is trying to have the sale on a schedule of either March or August. BBG3 has
suggested just over 15,000 blocks encompassing over 80 million acres in the
Gulf. This sale will have a low
royalty rate, too. The Federal Register
will have the Proposed Notice of Sale for BBG3 by the end of the week for those coastline governments
affected by the sale who would like to comment.
We will let you know, if we hear anything else from the BOEM on the
lease sale. If you would like to read
more of the BOEM’s News Release, please click the link:
If you would like information on this oil and gas
lease sale, please click the link: Big
Beautiful Gulf 3 (BBG3) Oil & Gas Lease Sale | 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 specific
information. **