Auction Information

The Wyoming Office of State Lands and Investments (OSLI), from July 8th through July 17th, 2024, held the second of three oil and gas lease auctions scheduled for this year.  The auction was held on behalf of the Wyoming Board of Land Commissioners.  The Wyoming State Constitution and the Wyoming State Legislature direct the Board of Land Commissioners to manage trust assets for two key purposes consistent with traditional trust principles: (1) long-term growth in value, and (2) optimum, sustainable revenue production.

OSLI offered 205 parcels of State Trust Land for lease, covering 75,795.93 acres across 18 counties. The auction attracted 58 registered bidders from 12 different states. The preliminary results indicate that 120 of the 205 parcels received successful bids, equating to 42,396.78 acres being leased.  

The auction grossed $625,099.44 in total revenue.  The monies will benefit seven of the state’s trust beneficiaries, with the state’s common school fund (K-12 education) receiving the most revenue from the auction at $508,488.20. 

The next auction will be held November 4th through November 6th of 2024.  Nominations for this auction are due to OSLI by September 2, 2024.