The Trump administration's first oil auction in the Gulf of Mexico garnered $279 million.

The Department of the Interior of the United States announced that the Trump administration held its first oil and gas lease auction in the Gulf of Mexico on Wednesday, with the total winning bid amount for the 181 blocks submitted by oil companies in federal waters exceeding $279 million. Qualified bidders include subsidiaries of companies such as ExxonMobil, Shell, BP, and Repsol. Interior Department data shows that a total of 30 companies submitted 219 bidding offers.