Trump plans offshore oil and gas leases through 2040, reversing Biden slowdown

Published August 19, 2025 4:57pm ET



The Trump administration has rolled out a more than 14-year schedule for auctioning off oil and gas drilling rights off the coast of the United States, reversing course on the dramatic slowdown of lease sales under the Biden administration.

The schedule, released by the Interior Department on Tuesday, was mandated by the One Big Beautiful Bill Act passed earlier this summer and focused solely on drilling in southern Alaska waters and the Gulf of Mexico, which President Donald Trump has renamed the Gulf of America. 

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