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Second Gulf of Mexico auction under Trump bill draws weaker industry interest

people_culture UTC: 2026-03-12 02:40:00

The second offshore oil and gas lease sale under Donald Trump’s One Big Beautiful Bill Act passed much more quietly, with far less interest than the previous one. The so-called Big Beautiful Gulf 2 or BBG2 generated $46.9 in high bids. The sale included 25 blocks covering appr...

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