The Trump administration has released full financial terms for its first “Big Beautiful Gulf” offshore oil and gas auction, setting a 12.5% royalty rate and offering nearly 80 million acres across the Gulf of Mexico, according to a new release from the U.S. Department of the Interior on Monday. The details mark the first concrete pricing framework under the One Big Beautiful Bill Act, following the August announcement of a decades-long offshore leasing calendar that included at least 30 Gulf sales and six in Alaska’s Cook Inlet. …
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