State of Wyoming Oil and Gas Lease Auction Information
The Office of State Lands and Investments (OSLI) recently held it's first oil and gas lease auction through EnergyNet.com. One hundred ninety seven parcels of State Trust Land were available for lease covering over 85,882 acres across eleven counties. The auction resulted in 197 of the 197 leases sold, and grossed $29,793,060 – the most received since the boom in 2011. Click here to read the full press release.
Revenue generated by the state trust land oil and gas lease auctions are distributed to support public education,
the University of Wyoming, Veteran’s Home and other State funded programs.
All leases resulting from winning bids are subject to final approved by the Wyoming Board of Land Commissioners (Board). All approved leases will be issued for a primary term of 5 years and for a rental of $1.00 per acre. A royalty rate of 16 2/3% of the production, or its market value, will be required by the Board.The Board reserves the right to reject any and all bids received and to withdraw any tract from the sale or from leasing at any time.
A complete description of the parcels available for auction is listed below by date. Auction results by sale date are also listed below.
Questions about oil and gas lease auction results, lease insurance and other should be directed to the Office of State Lands and Investments - Mineral Leasing, 122 West 25th Street -3 West, Herschler Building, Cheyenne, Wyoming 82002-0600. Telephone (307)777-6547.