Overview
In July 2025, Congress passed Public Law 119-21, the Working Families Tax Cut Act (sometimes referred to as the “One Big Beautiful Bill Act”). That law requires BOEM to hold at least six offshore oil and gas lease sales in Cook Inlet: one each year from 2026 to 2028, and again from 2030 to 2032.
Scheduled for March 2027, Big Beautiful Cook Inlet 2 (BBC2) is the second sale that will be held under this legislation. (The first, BBC1, was held in March 2026.)
As directed by Public Law 119-21, BOEM will continue to hold regular, predictable lease sales in Cook Inlet, providing a clear federal leasing schedule to support future investment, domestic energy production and a fair return for taxpayers.
This page includes information about BBC2, including maps, sale documents, lease terms and a chronology of major milestones.
| Chronology | |
| 2026 | |
| Oct 13 | BOEM announces a Proposed Notice of Sale for the second offshore oil and gas lease sale in Alaska’s Cook Inlet under the 2025 Working Families Tax Cut Act. The proposed sale, known as “Big Beautiful Cook Inlet 2,” would make approximately one million acres available for leasing — furthering efforts to expand domestic energy production and strengthen U.S. energy security in alignment with President Trump’s energy policy. A Notice of Availability for the Proposed Notice of Sale will publish in the Federal Register on Tuesday, Oct. 13, 2025. |
| 2025 | |
| July 4 | President Donald Trump signs Public Law 119-21 (the “One Big Beautiful Bill Act”). Among other provisions, the bill stipulates that:
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