Oil & Gas Auctions and Results

The State Land Board generally offers leases by competitive auction on a quarterly basis.  Auctions are conducted via an online auction through EnergyNet.  Leases are awarded to the highest bidder on a per acre basis. The minimum bid amount per acre is the annual lease rental rate.  Bids made above the annual rental rate are referred to as the Lease Bonus and are collected as a one-time payment. The State Land Board Oil & Gas lease contains a five year primary term.  For more information on Oil & Gas lease auctions see the Oil & Gas Lease Auction Information and Results below.   For questions regarding nominations or the auction process, please contact Christel Koranda – Oil & Gas Leasing Manager at 303-866-3454 ext. 3321 (christel.koranda@state.co.us).

 

Projects and Information

Click here to view an interactive map of Oil & Gas Auction Tracts

GIS Data

FAQs

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