Gulf Lease Sales Build Momentum

Posted
Matthew Rigdon, Executive VP and COO

On August 12th, the Bureau of Ocean Energy Management (BOEM) held the third in a series of 30 congressionally mandated Gulf of America (GOA) lease sales. It drew $82.7 million in high bids from 16 companies across 59 blocks. The sale, known as Big Beautiful Gulf 3, offered roughly 80 million acres of federal waters…