March 13, 2026–Written by Paul Wiseman for IIR News Intelligence (Sugar Land, Texas)–The second Gulf of Mexico (GOM) oil lease sale under 2025’s One Big Beautiful Bill Act, dubbed “One Big Beautiful Gulf (BBG2),” received 38 bids totaling $47 million. These came from 13 companies and covered 25 blocks, amounting to about 141,000 acres in federal waters.
This is 84% less than the $279.4 million received in BBG1 on December 10, 2025, and the 38 bids this time are almost 83% less than the 219 received in December. It also is the lowest lease sale response in about 10 years.
