Auction Information

The Wyoming Office of State Lands and Investments (OSLI) held an oil and gas lease auction from November 4th through November 7th, 2024, via EnergyNet.com. The auction offered 203 parcels of state land covering 67,379.92 acres spanning 19 counties.

OSLI’s mission is to effectively manage natural resources and funds for current and future generations. The revenue generated by the auction supports public education, the farm loan program, state penitentiaries, and other state-funded institutions.

All leases resulting from winning bids will be issued on the lease form currently in effect as approved by the Wyoming Board of Land Commissioners. The leases will be for a primary term of five years, provide for an annual rental of $1.00 per acre, and a royalty rate of 16 2/3% or 12.5% of the production, as indicated on the parcel listing.

Bidding will be online only. The minimum acceptable bid will be an advance rental of $1.00 per acre, with an additional bonus consideration of $1.00 per acre plus fees.  Check EnergyNet.com for additional details. 

A complete list of parcels available for auction is available at lands.wyo.gov. Please contact Dianna Wolvin at dianna.wolvin@wyo.gov or 307-777-6625 with any questions or concerns.