Federal Register #BOEM-2025-0715

BOEM Lease Sale BBG3 for Oil and Gas Blocks in Gulf of America Outer Continental Shelf

The Bureau of Ocean Energy Management (BOEM), under the Department of the Interior, is offering Lease Sale BBG3 for oil and gas exploration and production rights in the Gulf of America Outer Continental Shelf (OCS): - All available unleased acreage in the Gulf of America OCS is included, except for specifically withdrawn or excluded blocks - Lease sale is authorized by the One Big Beautiful Bill Act (OBBBA) and the Outer Continental Shelf Lands Act (OCSLA) - Lease terms, economic conditions, and stipulations are identical to those used in Lease Sale 254 - Key financial requirements: - Minimum bonus bid: $25 per acre (blocks <400m water depth), $100 per acre (blocks ≥400m water depth) - Annual rental rates apply - Royalty rate: 12.5% for all blocks - Lease stipulations may apply to certain blocks, including those in military areas, protected species zones, or with notable topographic features - Bidders must submit sealed bids for each block - The sale will be publicly announced and live-streamed - No specific OEMs or vendors are named, as this is a lease sale for acreage rights, not a procurement of products or services

Description

The Bureau of Ocean Energy Management (BOEM) will conduct Lease Sale BBG3 on August 12, 2026, for oil and gas blocks in the Gulf of America Outer Continental Shelf. This sale is held pursuant to the One Big Beautiful Bill Act and the Outer Continental Shelf Lands Act. The sale includes all available unleased acreage except certain withdrawn or excluded blocks. Bidders must submit sealed bids by August 11, 2026, and the sale will be publicly announced and live-streamed. The lease terms, economic conditions, and stipulations mirror those of the previous Lease Sale 254.

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