Texas Scorecard by Addie Hovland January 22, 2026
This is the second of more than 30 offshore oil leases required to be sold as part of the One Big Beautiful Bill.
Texas Land Commissioner Dawn Buckingham has submitted comments in support of a second offshore oil and gas lease sale in the Gulf of America. Under the purview of the Bureau of Ocean Energy Management, these lease sales allow companies to explore and drill for oil and gas found in America’s Outer Continental Shelf.
Buckingham wrote in her letter sent to the BOEM that she appreciates the opportunity to comment on yet another proposed lease sale, set for March, which will have a direct impact on funding public education through the Texas Permanent School Fund (PSF).
PSF is the largest owner of mineral rights in Texas.
According to Buckingham, nearly $6.2 billion has been generated for PSF through oil and gas production, sales, leases, and land transactions since 2023, with $1.6 billion received this past year alone.
More:
https://texasscorecard.com/federal/texas-land-commissioner-backs-second-offshore-oil-lease/
