Jump to navigation
The State Land Board offers oil and gas leases by competitive auction. Auctions take place in February, May, August, and November each year.
Auctions occur online, through EnergyNet. To participate in the auction, pre-registration with EnergyNet is required.
Anyone can nominate state minerals for auction to obtain an oil and gas lease.
View more information on oil and gas leasing on trust lands. Our oil and gas lessees must:
The Colorado Oil and Gas Conservation Commission (COGCC) is the regulatory agency for oil and gas development in the State of Colorado. The State Land Board is a separate agency from the COGCC. Our agency and our lessees are subject to the same local, state, and federal rules and requirements as any private land owner.
A nomination may not be available if there is an active gas storage lease, coal lease, or disposal well lease. Tracts nominated in the Stewardship Trust may also be removed or pushed back to a later auction date for further review. If you need assistance determining whether a tract is available for nominating, please contact Sherry Lee, Resource Extraction Technician, at 303-866-3454 ext. 3322.
Nominations require a non-refundable $50.00 application fee per tract. Submitting a nomination places no obligation for either party (the State Land Board nor the nominator) to lease the tract. Each nomination is reviewed by the State Land Board to determine if it is appropriate to lease.
Oil and Gas auctions are held on a quarterly basis in February, May, August, and November. The auction is open for one week starting at 10:00 AM CDT (9:00 AM MST) on the second Thursday of the auction month and closes one week later (the third Thursday) at 10:00 AM (9:00 AM MST). See the Quarterly Auction Information page for deadlines to submit a nomination and the dates for the auction.
The Board has approved the following procedure and reduced royalty rates: Colorado State Land Board oil and gas leases will be initially offered at a 20% royalty rate. If a lease does not sell at auction, it will be available at the next subsequent auction at a 18.75% royalty rate. If a tract is unsold at the 18.75% rate, it will be placed back into the State Land Board inventory and can be nominated for future auctions starting at the 20% royalty rate. For questions about this process please contact Catie Stitt, Oil and Gas Specialist, at 303-866-3454 ext. 3326.
Each lease may have specific stipulations - these are listed on Energynet.com as well as the tract list and stipulations on the Quarterly Auction Information page. These terms are posted in both locations, at a minimum, one week prior to auction close. It is highly recommended that parties review these stipulations and lease terms PRIOR to bidding on a tract and contact the State Land Board with any questions. Stipulations are approved by the Board prior to auction.