Trump to Auction Oil, Gas Drilling Rights Across Gulf Next Month

Feb. 4, 2026, 2:35 PM UTC

The Trump administration will auction offshore drilling rights across the Gulf of Mexico on March 11, the second of 30 such lease sales required under President Donald Trump’s One Big Beautiful Bill Act, the Interior Department said in a notice Wednesday.

  • Interior Department proposes to offer approximately 15,066 unleased blocks covering about 80.4 million acres on the U.S. Outer Continental Shelf in the Gulf of Mexico
  • NOTE: Proposed lease sale follows one held in December
  • Read more: BP Is Top Winner of Trump’s First Gulf of Mexico Lease Sale

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