Welligence US Gulf of America Licensing | BBG3 Lease Sale rebounds with broader but selective participation
August 13, 2026

The third US Gulf of America (US GoM) lease sale under the current Trump administration was held on 12 August 2026. Known as Big Beautiful Gulf 3 (BBG3), this marked the third of 30 planned bid rounds mandated under the One Beautiful Bill Act through 2040. Interest was much more limited compared with the inaugural sale BBG1 but better than BBG2. In total, 69 bids were submitted across 59 blocks by 16 companies.