Auction Information

The Wyoming Office of State Lands and Investments (OSLI) will hold an oil and gas lease auction from July 8th through July 15th, 2026, via Efficient Markets.  The auction will offer 198 parcels of state land covering 76,225.73 acres spanning 13 counties.

OSLI’s mission is to effectively manage natural resources and funds for current and future generations. The revenue generated by the auction supports 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.  The leases will be for a primary term of five years, provide for an annual rental of $1.00 per acre, and a royalty rate of one-sixth or one-eighth of the production, as indicated on the parcel listing. 

Bidding will be online only. The minimum acceptable bid will be an advance rental of $1.00 per acre, with an additional bonus consideration of $1.00 per acre plus fees.  EfficientMarkets.com for additional details.