BOEM Proposes BBG3, Third Gulf of America Lease Sale

The Bureau of Ocean Energy Management announced a Proposed Notice of Sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease sale, known as Lease Sale Big Beautiful Gulf 3, or BBG3, is scheduled to take place on Aug. 12, 2026.

This sale is the third of 30 Gulf of America oil and gas lease sales required by the One Big Beautiful Bill Act (Public Law No: 119-21). By committing to a predictable sale schedule, the Department is delivering on President Trump’s promise to expand American energy production and strengthen U.S. energy dominance.

“Lease Sale BBG3 marks another major milestone in the Gulf of America,” said BOEM Acting Director Matt Giacona. “Building on the momentum of BBG1 and BBG2, this proposed sale reinforces BOEM’s commitment to regular offshore leasing as required under the One Big Beautiful Bill Act. By offering leases with a competitive 12.5% royalty rate, BBG3 sends a clear signal that the era of regulatory uncertainty is behind us, and a new phase of responsible energy leadership has begun.”

Lease Sale BBG3 proposes to offer approximately 15,066 unleased blocks covering 80.4 million acres on the U.S. Outer Continental