Two Gulf sales a year are due from 2026 through 2039
What the document says“hold not fewer than 2 lease sales in that region in each of calendar years 2026 through 2039, 1 of which shall be held by March 15 of the applicable calendar year”
The section sets the schedule: at least one sale by December 15, 2025; at least two in each calendar year from 2026 through 2039, one by March 15 and one after March 15 but by August 15; and at least one in 2040, by March 15 of that year.
What the document actually says“hold not fewer than 2 lease sales in that region in each of calendar years 2026 through 2039, 1 of which shall be held by March 15 of the applicable calendar year”
At least two sales a year are due from 2026 to 2039. One of them must be held by March 15.
The other must fall between March 15 and August 15. One sale was due by December 15, 2025. One more is due by March 15, 2040.
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