Oil and Gas Lease Auctions

State of Wyoming Oil and Gas Lease Auction Information

The Wyoming Office of State Lands and Investments held its first oil and gas lease auction for 2018 on March 7, 2018 on behalf of the Wyoming Board of Land Commissioners. The auction attracted ninety-six bidders. OSLI offered 210 parcels of State Trust Land for lease covering over 85,003 acres across fifteen counties. The auction resulted in 169 of the 210 parcels receiving successful bids to lease 68,616.56 acres. The auction grossed $2,740,141.36. Funds received from this auction will be deposited for the benefit of twelve of the the State's trust beneficiaries. Of the total revenue, $2,674,149.80 will be deposited for the benefit of the State's common school (K-12) fund.


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.


Nominations for upcoming auctions can be submitted through our online Auction Nomination Form.


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)777-6635.