The Bureau of Ocean Energy Management has announced the release of the Final Notice of Sale for Lease Sale Big Beautiful Gulf 2 (BBG2), the second of 30 Gulf of America lease sales required by the One Big Beautiful Bill Act. S. Outer Continental Shelf in the Gulf of America.
The blocks are located 3 to 231 miles offshore, spanning water depths from 9 feet to more than 11,100 feet. The lease sale directly supports Executive Order 14154, which directs federal agencies to accelerate offshore oil and gas development to lower energy costs, reinforce national energy security, and enhance America's global competitiveness. S.
Treasury and states via revenue-sharing programs that support coastal restoration, hurricane protection, and other public services and conservation efforts. S. Treasury receives the largest portion of offshore revenues, helping to finance the daily operations of the federal government.
In addition, these key revenues generated by OCS development create high-quality jobs, funds infrastructure and education, and contributes to local economies. S. economic strength, national security, and global stability.
S. consumers, further strengthens the United States' position in the global energy market, and reduces our reliance on foreign sources.
This lease sale is a significant step towards accelerating America's transition to a more energy-independent nation, while also promoting economic growth and job creation. The Bureau of Ocean Energy Management has done an excellent job in preparing for this sale, ensuring that all necessary steps are taken to ensure the integrity and transparency of the leasing process.
