ARiES One
energy consultants

The latest US Gulf lease sale is officially in the books — and the industry response is strong. Big Beautiful Gulf 2 (BBG2), the second of thirty lease sales under the One Big Beautiful Bill Act, generated $46,976,423 in accepted high bids . Thirteen companies submitted 38 bids on 25 blocks covering ~141,000 acres in federal waters. Major players including BP, Chevron, Shell, LLOG, Woodside Energy, Anadarko, Houston Energy, and others showed clear appetite for new exploratio