Energy companies get new opportunity to bid on oil and natural gas leases in the Gulf of Mexico, marking the first sale since December 2023. The Working Families Tax Cut mandates these sales, with a 12.5% royalty rate. The Gulf holds vast reserves, estimated at 30 billion barrels of oil and 54 trillion cubic feet of natural gas. BOEM must hold at least 30 sales from 2026-2039, promising a predictable leasing schedule for decades.

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