Auction Information

The Wyoming Office of State Lands and Investments (OSLI), from March 4th through March 6th, 2024, held the first of three oil and gas lease auctions scheduled for this year.  The auction was held on behalf of the Wyoming Board of Land Commissioners.  The Wyoming State Constitution and the Wyoming State Legislature direct the Board of Land Commissioners to manage trust assets for two key purposes consistent with traditional trust principles:  (1) long-term growth in value, and (2) optimum, sustainable revenue production.

OSLI offered 121 parcels of State Trust Land for lease, covering 42,881.92 acres across 18 counties. The auction attracted 42 registered bidders from 11 different states, and 72 of the 121 parcels received successful bids.  A total of 25,856.75 acres were leased.  

The auction grossed $1,508,467.31 in total revenue.  The monies will benefit seven of the state’s trust beneficiaries, with the state’s common school fund (K-12 education) receiving the most revenue from the auction at $1,482,504.35.

The next auction will be held July 8th through July 10th, 2024.  Nominations for this auction are due to OSLI by May 1, 2024.