The US Bureau of Ocean Energy Management (BOEM) has released the 2026 National Assessment of Undiscovered Oil and Gas Resources, an estimate of the undiscovered, technically and economically recoverable oil and natural gas resources outside of known…
The US Bureau of Ocean Energy Management (BOEM) has released the 2026 National Assessment of Undiscovered Oil and Gas Resources, an estimate of the undiscovered, technically and economically recoverable oil and natural gas resources outside of known oil and gas fields on the US Outer Continental Shelf.
‘The Outer Continental Shelf holds tremendous resource potential,’ said BOEM acting director Matt Giacona. ‘This report provides the foundation for decisions that will ensure affordable energy and robust energy security for generations of Americans.’
The findings are derived from analysing each geologic play across the Outer Continental Shelf and assigning a probability for the existence of undiscovered oil and gas resources for individual plays, said BOEM. Play results are then aggregated up to regional results and ultimately, a total Outer Continental Shelf estimate.
Meanwhile, the US Bureau of Ocean Energy’s Lease Sale Big Beautiful Gulf 2, or BBG2, has generated $47 million in high bids. The sale included 25 blocks covering approximately 141,000 acres in federal waters of the Gulf of America. Thirteen companies submitted 38 bids totalling $70 million.
