Notice of Availability of the Proposed Notice of Sale for Gulf of America Outer Continental Shelf Oil and Gas One Big Beautiful Bill Act Lease Sale 4
What happened
The Bureau of Ocean Energy Management (BOEM) announced the availability of the Proposed Notice of Sale (NOS) for Gulf of America Outer Continental Shelf Oil and Gas One Big Beautiful Bill Act (OBBBA) Lease Sale 4. This notice was signed by Donald Trump and describes the proposed size, timing, and location of the sale, including lease stipulations and rates, as required by the OBBBA. Governors of affected States and local governments can review and comment on the Proposed NOS by December 8, 2026, with bid opening currently scheduled for March 10, 2027.
Why it matters
This action initiates the process for potentially selling oil and gas leases in the Gulf of America, which could lead to new offshore drilling activities. It allows state and local governments to provide input on the proposed sale's details, influencing future energy development. The sale's terms, including minimum bids and royalty rates, are set by the OBBBA.
Who it affects
- ›Oil and gas companies
- ›Governors of affected states
- ›Local governments near the Gulf of America
- ›Bureau of Ocean Energy Management (BOEM)
- ›Marine Minerals Administration (MMA)
The receipts are official. The summary is ours.
Read on Federal Register ↗Summaries are generated from the official text and may simplify or omit nuance. The official document is the source of truth.