Official BBG3 stats are attached. Below is a comparison of the three BBG sales.
Notes: The Gulf keeps on rollin’ – this was the 137th Gulf lease sale. Congrats to Bryan Domangue on being named Gulf of America Regional Director for the Marine Minerals Administration! The WWII Museum in New Orleans was a nice venue for the sale.
| Sale No. | BBG1 | BBG2 | BBG3 |
| date | 12/10/2025 | 3/11/2026 | 8/12/2026 |
| companies participating | 30 | 13 | 16 |
| total bids | 219 | 38 | 69 |
| tracts receiving bids | 181 | 25 | 59 |
| sum of all bids $millions | 371.9 | 69.9 | 99.5 |
| sum of high bids ($millions) | 279.4 | 47.0 | 82.7 |
| highest bid company block | $18,592,086 Chevron KC 25 | $21,009,990 bp GC 404 | $7,701,011 Murphy AC 380 |
| most high bids company sum ($millions) | 50 bp 61.0 | 6 Anadarko (Oxy) 4.0 | 9 Chevron/Arena $15.6 (Chevron) 1.3 (Arena) |
| sum of high bids ($millions) company | 61.0 bp | 22.6 bp | 21.5 Murphy |
| most high bids by independent | 14-Murphy | 5-LLOG | 9-Arena |
Bud's Offshore Energy (BOE) 