The Wyoming Office of State Lands and Investments (OSLI) will hold an oil and gas lease auction July 7th through July 14, 2021 via EnergyNet.com. The auction will offer State of Wyoming oil and gas lease rights to 165 parcels, spanning approximately 64,164.80 acres across 17 counties.
The revenue generated by the state trust land oil and gas lease auction is distributed to support public education, the farm loan program, state penitentiaries, and other State funded programs.
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.