Happy Wednesday! We hope you enjoyed the sunny cool day in spite of the windy cold start we had. Let’s get started.
We promised when we heard what
happens in the BBG2 lease sale we would let you know. (Check it out our
blog in early February.) Did anyone
happen to read the Oil & Gas Journal’s OGJ Daily Update Newsletter on
March 12, 2026, they had an article titled, “Gulf of Mexico lease sale draws
just under $47 million in high bids”? In
the article, it speaks on how Department of Interior’s Bureau of Ocean Energy
Management (BOEM) had their second scheduled lease sale for the Gulf of Mexico’s
Outer Continental Shelf called “BBG2”
and there were 38 bids from thirteen companies. The BBG2 brought in under $47 million
and 25 high bids were accepted for approximately 141,000 acres. BBG2 brought in fewer bids and money than
the first BBG1 sale at the end of 2025. The
companies with the three highest accepted bids were BP Exploration and Production,
Inc., 2 from Chevron, and Shell Offshore, Inc. and they were the same high
bidders in BBG1, check out our Blog in December 2025. We like to remind you the proposed sale for BBG3
is August 12, 2026, and you still check it out in the Federal Register. If we hear anything else from the BOEM we
will let you know. If you would like to
read more of Oil and Gas Journal’s article, please click the link: Gulf
of Mexico lease sale draws just under $47 million in high bids | Oil & Gas
Journal.
If
you would like help in looking into how to transport your product more efficiently
and with less of a carbon footprint or you would like to update your equipment
to make it more efficient with less emissions, contact us via the email in the Blog
and check out our ESC website!
Well,
the Houston Livestock and Rodeo is still happening. If
you’re interested in what is going on at this world class event or you want to
see the performers’ line-up for this season; please click the link for
information: The Official Houston Livestock Show and Rodeo Website.
We hope you have a wonderful evening and a great week!
**Disclaimer: You may be charged a fee to read the Oil
and Gas Journal’s article. **