Trump Greenlights Massive Gulf Oil Lease Sale Spanning 80M Acres
The administration said the lease sale would cover more territory than the entire United Kingdom.
by Thomas Catenacci June 26, 2025, 9:28 AM
The Trump administration announced a Gulf of America oil and gas lease sale that would span roughly 80 million acres, an area larger than the United Kingdom. [emphasis, links added]
The behemoth lease sale, which will be the first offshore lease sale since President Donald Trump took office, is scheduled for December 2025 and will offer 15,000 blocks of federal waters across the entire gulf.
Companies with winning bids will be subject to a reduced royalty rate, something that could potentially drive greater industry interest and participation in the sale, according to the Department of the Interior (DOI).
It is the latest action the Trump administration has taken in pursuit of its aggressive energy dominance and “drill, baby, drill” agenda.
The announcement also represents a U-turn from the Biden administration’s approach to drilling, which involved shutting down oil production, canceling offshore lease sales, and hiking royalty fees for producers.
https://climatechangedispatch.com/trump-greenlights-80m-gulf-oil-lease-sale/
