Trump Administration Unveils Comprehensive Offshore Oil and Gas Lease Sales Schedule

The U.S. President Donald Trump’s administration recently revealed an ambitious plan to conduct over 30 offshore oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet over the next 15 years. This move aligns with Trump’s energy dominance agenda and is a significant departure from the previous administration’s approach to fossil fuel production.

The plan, which is part of Trump’s One Big Beautiful Bill Act, aims to boost domestic energy production and create more job opportunities in the industry. Interior Secretary Doug Burgum lauded the initiative, stating that it will strengthen America’s energy dominance and ensure responsible development of offshore resources.

Lease Sales Schedule

The schedule includes 30 lease sales in the Gulf of Mexico, now referred to as the Gulf of America, through 2040. The first sale is scheduled for December 10 of this year, with two sales planned annually through 2039 and one in 2040. Additionally, six lease sales are planned for Alaska’s Cook Inlet, with the first one set for March 2026.

Industry Response

The National Ocean Industries Association (NOIA) President Erik Milito welcomed the announcement, highlighting the importance of a stable schedule for offshore energy development. Milito emphasized that the long-term lease sales plan provides certainty for companies to invest, create jobs, and enhance U.S. energy security.

With this schedule in place, the Gulf of America and Cook Inlet will continue to play a crucial role in supporting the economy, national security, and communities across all 50 states.

Revenue Sharing and Impact

As part of the One Big Beautiful Bill, the Department of the Interior has increased the annual revenue-sharing cap for Gulf of America Outer Continental Shelf energy revenues from $500 million to $650 million. This funding supports coastal protection, restoration, and infrastructure projects in states like Alabama, Louisiana, Mississippi, and Texas, as well as the Land and Water Conservation Fund.

Overall, the comprehensive lease sales schedule and revenue-sharing initiatives aim to bolster the domestic energy industry, create jobs, and support critical conservation and infrastructure projects across the country.

(Reuters and staff)