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13 August 2026

US Gulf of Mexico lease sale rebound falls far short of 2025 record

Downunder Voices Newsroom

Source reporting: Splash247

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US Gulf of Mexico lease sale rebound falls far short of 2025 record

The US Interior Department’s third “Big Beautiful Gulf” lease sale generated $82. 7m in high bids for 59 blocks in the Gulf of Mexico, a clear rebound from March but still less than a third of the revenue from the first auction last year. Lease Sale BBG3 drew 69 bids from 16 companies, with total bids …

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