Oklahoma Oil and Gas Lease Sale FAQs

Within 2 days of the close of the auction, an email will be sent by Efficient Markets to the bidder containing the invoice for 25% of the bonus bid amount and the buyer premium per tract. Invoices are also available on the Buyer’s Homepage. Please call Efficient Markets at (866) 364-4688 if an email is not received within 3 days following the sale.

A separate invoice will be sent directly from the State of Oklahoma for the remaining 75% of the bonus bid, delay rental, and Oklahoma Advertising Fee. The invoice will contain instructions for payment and due date.

The 25% deposit of the bonus bid and the buyer premium must be paid directly to Efficient Markets within 2 business days.

The remaining 75% of the bonus bid, along with the delay rental and Oklahoma Advertising Fee, must be paid directly to the State of Oklahoma within 30 days of the close of the sale.

Payment for all successful online leases shall be made within 2 business days of the sale conclusion. Late payments will be rejected, and no lease will be issued for that tract.

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

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

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

Click here to view government agency nomination information.

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