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Trump Finalizes US Gulf Oil Lease Sale, Proposes Alaska Sale in 2026

Business & Policy
November 7, 2025

The sales align with Trump’s policy of maximizing oil, gas and coal output while slashing regulations on fossil fuels and subsidies for green energy.

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“BOEM is now moving forward with a predictable, congressionally mandated leasing schedule that will support offshore oil and gas development for decades to come,” Matt Giacona, acting director of the office, said in a statement.

BOEM has set a 12.5% royalty rate, the lowest rate allowed, for both shallow and deepwater leases in both places “to encourage strong industry participation.”

(Reporting by Timothy Gardner in Washington; Editing by Matthew Lewis)