The Office of State Lands and Investments conducts oral oil and gas lease auctions on the dates shown below. All auctions begin at 9:00 a.m., with registration beginning at 8:15 a.m. unless otherwise noted next to the date of the auction.
The auctions will be held at the Herschler Building, Room B-63. Parking will be available on the east side of the Herschler Building in the paved parking lot.
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 5 years; and, for a delay rental of $1.00 per acre. A royalty rate of 16 2/3% or 12 1/2% of the production, or its market value, will be required by the Board as noted in the lease scale listing
Bidding will be on an oral 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, unless otherwise announced. Payment of the minimum bid, plus $25.00 filing fee, plus advance rental, minimum bonus, and plus a pro-rata share of the cost of advertising which will not exceed $0.12 per acre, must be paid on the day of the sale. The balance must be paid in full within ten (10) business days after the date of the sale. Personal checks may be used. Cash and credit cards will not be accepted.
The Board reserves the right to reject any and all bids received and to withdraw any tract from the sale or from leasing at any time.
Persons requiring special A.D.A. accommodations at the oil and gas lease auction will need to contact the Office of State Lands and Investments at (307)777-6547 at least one week prior to the auction date to make arrangements.
A complete description of the parcels available for auction is listed below by date. Auction results by sale date are also listed below.
Questions about oil and gas lease auction results, lease insurarnce and other should be directed to the Office of State Lands and Investments - Mineral Leasing, 122 West 25th Street -3 West, Herschler Building, Cheyenne, Wyoming 82002-0600. Telephone (307)777-6547.