Montana DNRC Oil and Gas Lease Sale FAQs

Prior to accepting leases, lessees must register with the Montana Secretary of State.

Within 90 minutes after the last tract closes, an invoice will be sent by Efficient Markets to the successful bidder via email for each tract won and the amount. Invoices are also available on the Buyer’s Homepage. Please call the Government Resources Team at (866) 364-4688 if an email is not received within 2 hours following the auction.

Payment for the rental, bonus, buyer premium, and all fees is due within two business days to Efficient Markets. One payment for all funds due is acceptable.

Remittance to Efficient Markets may be made by wire transfer. Full remittance instructions will be provided with the invoice.

If the payer differs from the bidder, simply reference the tract information with the payment.

When registering for the sale, the bidder may designate the lessee and provide contact details.

Montana DNRC processes and issues the lease documents directly. The general timeframe is 1-3 weeks, and leases are finalized after Land Board approval.

Click here to view government agency nomination information.

Contact the Government Resources Team with any questions at government@efficientmarkets.com or (866) 364-4688.