US Gulf Lease Sale 2025
Sector: Oil and Gas • Location: United States
Source: Upstream Online
The US Gulf lease sale held on 2025-12-10 was the first offshore lease sale in the region in two years. Thirty companies submitted 219 bids totaling $372 million, with about $280 million worth of bids successful. The auction was focused, with companies targeting specific blocks they wanted, bidding firmly for high-confidence blocks. The Bureau of Ocean Energy Management (BOEM) lowered royalty rate
- Status
- Closed
- Sector
- Oil and Gas, Government, Commercial
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- Upstream Online
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Project Information
Participants
Sponsoring Agency |
Status
Original status | completed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The US Gulf lease sale held on 2025-12-10 was the first offshore lease sale in the region in two years. Thirty companies submitted 219 bids totaling $372 million, with about $280 million worth of bids successful. The auction was focused, with companies targeting specific blocks they wanted, bidding firmly for high-confidence blocks. The Bureau of Ocean Energy Management (BOEM) lowered royalty rates to 12.5% to encourage bidding. Major companies like Chevron, Woodside, and BP made significant bids, with BP leading the sale for the first time in 13 years. The sale sets a schedule of certainty with sales expected every March and August until 2040. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
Source
Source | Upstream Online |
URL |
More Details
Record type | Project |
Sector | Oil and Gas, Government, Commercial |
Article published date | 2025-12-15 |
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