First of 30 oil lease sales planned for Gulf of Mexico draws $300 million from companies

Oil companies offered $300 million for drilling rights in the Gulf of Mexico, marking the first of 30 planned sales under Republican efforts to boost U.S. fossil fuel production.

First of 30 oil lease sales planned for Gulf of Mexico draws $279 million in bids from oil companies

Oil companies offered $279 million for drilling rights in the Gulf of Mexico on Wednesday in the first of 30 sales planned ...

First Trump Gulf of America offshore oil and gas lease auction draws weaker bidding

The auctions mark a shift from the Biden administration, which sought to reduce offshore drilling as part of a plan to move toward clean energy sources.

Here's how much Gulf Coast region gas prices declined from last week

The average fuel price in the Gulf Coast region declined about 11 cents since last month. According to the EIA, gas prices across the region in the last year have been as low as $2.49 on Dec. 8, 2025, ...
The Northside Sun

Gulf of America oil lease sale draws $300 million in bids

Revenues generated from offshore energy activities provide funding for the U.S. Treasury, Gulf Coast states like Mississippi, the Land and Water Conservation Fund, and the Historic Preservation Fund.

BP, Woodside and Chevron are big winners at Gulf of Mexico oil and gas auction

BP , Woodside Energy and Chevron were the top winners on Wednesday at the U.S. government's first sale of oil and gas ...