FEDERAL LEASE BUYOUT UPDATE: On August 6, 2026, developer RWE announced that it had reached a settlement with the U.S. Department of the Interior to relinquish its previously held lease area, OCS-G 37334, for a payment of $4 million. As a result, RWE will no longer develop the RWE Offshore US Gulf projects in this lease area, and the lease area has been marked "Federal Buyout Area." Scroll down to "Additional Lease Area Information" to view the settlement agreement and more.