The Wyoming Office of State Lands and Investments (OSLI) held the second oil and gas lease auction for 2019 on July 17, 2019. The auction resulted in 164 of the 212 parcels receiving successful bids to lease 52,070.99 acres. The auction grossed $2,467,873.24 for the benefit of the State’s trust beneficiaries.
Funds received from this auction will be deposited for the benefit of twelve of the State’s trust beneficiaries. 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, rental of $1.00 per acre, and a royalty rate of either 16 2/3% or 12 1/2% 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
Cheri Frank - Oil and Gas, Bonding, Units, Auction - 307.777.6547 - email: firstname.lastname@example.org