Oil Giants Banned from Team Bidding on Offshore Leases
Published Date: 4/29/2025
Notice
Summary
Starting May 1, 2025, through October 31, 2025, certain companies can’t team up to bid on Outer Continental Shelf oil and gas leases. This rule stops groups of companies from joining forces across specific groups during lease sales, keeping the competition fair. If you’re a company wanting to bid, you’ll need to check if you’re on the restricted list before jumping in.
No Economic Impacts Identified for this Document
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