The Wyoming Office of State Lands and Investments (OSLI) held an oil and gas lease auction from July 6th through July 13th, 2022, via EnergyNet.com. The auction offered to lease State of Wyoming oil and gas rights to 210 parcels, spanning approximately 70,957.23acres across 16 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.
Bidding will be on an online basis only. The minimum acceptable bid will be the advance rental of $1.00 per acre and an additional bonus consideration of $1.00 per acre plus fees. Check EnergyNet.com for additional details.
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