The Wyoming Office of State Lands and Investments (OSLI) held the second of three oil and gas lease auctions for 2020 on July 15, 2020 on behalf of the Wyoming Board of Land Commissioners – which is made up of the five statewide elected officials. OSLI offered 162 parcels of State Trust Land for lease covering 52,985.47 acres across fifteen (15) counties and attracted 69 bidders. The auction resulted in 162 of the 162 parcels receiving successful bids to lease 52,985.47 acres. The auction grossed $2,455,461.12 for the benefit of the State’s trust beneficiaries.
Funds received from this auction will be deposited for the benefit of nine (9) of the State’s trust beneficiaries. Of the total revenue, $2,007,673.64 will be deposited for the benefit of the State’s common school (K-12) fund.
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 as Lessor: for a primary term of five years, for rental of $1.00 per acre, and a royalty rate of either 16 2/3% or 12.5% of the production, as indicated on the parcel listing.
Nominations for upcoming auctions can be submitted through our online Auction Nomination Form.
Oil and Gas Auction Contact
VACANT - Oil and Gas, Bonding, Units, Auction - 307.777.6547 - email: @wyo.gov