Wyoming Oil and Gas Lease Sale FAQs

To be qualified to receive or hold any interest in a state lease, corporations, limited partnerships and limited liability companies must be authorized to transact business in the State of Wyoming by the Secretary of State. Businesses needing to register with the State of Wyoming can do so at https://wyobiz.wyo.gov/Business/RegistrationInstr.aspx.

General partnerships will need to provide the Office with a copy of their partnership documents.

Within 90 minutes after the last parcel closes, an invoice will be sent by Efficient Markets to the successful bidder via email for tracts won and the amount due. 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 sale.

Submit the payment due for the rental, bonus, buyer premium and all fees within 2 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 invoice number with the payment.

If the lessee’s name will be different from the bidder’s name, please designate the appropriate lessee name on the Wyoming Application for Lease Form that will be sent separately for digital signature.

WY OSLI processes and issues the lease documents directly. The leases must be approved by the Board at the next meeting following the sale close date and will be processed after such 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.