FOR IMMEDIATE RELEASE
HOUSTON— Today, the Energy Workforce & Technology Council issued the following statement following the conclusion of the Big Beautiful Gulf 3 offshore oil and gas lease sale, which received 69 bids on 59 blocks from 16 companies, totaling $82.6 million in high bids.
Regular, predictable lease sales provide the consistency companies need to plan, invest and maintain the workforce and capabilities required to support offshore energy production in the Gulf of America.
“Offshore energy doesn’t happen overnight,” said Energy Workforce President Tim Tarpley. “The decisions made today will determine whether companies are investing in people, equipment and technology years from now. Regular lease sales give our companies something incredibly valuable: the ability to plan. That consistency helps keep investment, jobs and expertise in the Gulf.”
Tarpley continued, “We’re glad to see the Administration keeping lease sales moving on a predictable schedule. When companies know opportunities will be there, they can make the long-term investments needed to keep the Gulf producing and competitive. The Gulf of America is a vital piece of American Energy Dominance.”
Lease Sale BBG3 is the third of 30 Gulf of America lease sales required under the One Big Beautiful Bill Act. The Gulf of America accounts for approximately 14% of total U.S. crude oil production and remains a critical market for the energy services and technology sector.
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About Energy Workforce & Technology Council
Energy Workforce & Technology Council is the national trade association for the global energy technology and services sector, representing more than 625,000 U.S. jobs in the technology-driven energy value chain. Energy Workforce works to advance member policy priorities and empower the energy workforce of the future.
