Posts Tagged ‘Lease Sale BBG3’
BBG3 bidders bat 1000; all 59 high bids have been accepted
Posted in energy policy, Gulf of Mexico, Offshore Energy - General, tagged Bid Evaluation Results, Gulf of America, Lease Sale BBG3 on October 23, 2026| Leave a Comment »
Sale BBG3 statistics
Posted in energy policy, Gulf of Mexico, Offshore Energy - General, tagged Arena Energy, Bryan Domangue, Chevron, Gulf of America, Lease Sale BBG3, Murphy Oil on August 12, 2026| Leave a Comment »
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 |
