The Wyoming Office of State Lands and Investments (OSLI) held the first of three oil and gas lease auctions for 2021 on March 3, 2021 on behalf of the Wyoming Board of Land Commissioners – which is made up of the five statewide elected officials. OSLI offered 179 parcels of State Trust Land for lease covering 78,172.43 acres across seventeen (17) counties and attracted 42 bidders. The auction resulted in 73 of the 179 parcels receiving successful bids to lease 25,062.53 acres. The auction grossed $258,981.28 for the benefit of the State’s trust beneficiaries.
Funds received from this auction will be deposited for the benefit of ten (10) of the State’s trust beneficiaries. Of the total revenue, $157,250.24 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
Dianna Wolvin - Oil and Gas, Bonding, Units, Auction - 307.777.6625 - email: email@example.com