Colorado State Land Board Oil & Gas Lease Sale FAQs

Are there registration requirements to conduct business with the State of Colorado?

If you are a high bidder, you are required to register to conduct business with the State of Colorado, if not already registered. (http://www.sos.state.co.us/biz/FileDoc.do)

When will I receive the invoice for the parcels I won?

Approximately 30 minutes to an hour after the last tract closes, you will receive an email containing the invoice showing the total amount owed for the successful auction(s). If you do not receive the emails within one hour, please call us at 866-364-4688.

When is the invoice due?

Submit the payment due for the rental, bonus and all fees within 2 business days to EnergyNet. For your convenience, one wire transfer for all funds due is acceptable.

What are the payment options?

Remittance to EnergyNet may be made by wire transfer or overnighted cashier's check. Full remittance instructions appear on the invoice.

What if the payer is different than the bidder?

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

What if the bidder name is different from the entity that will hold the lease?

If the name for the leases will be different from the bidder name, please designate the appropriate Lessee Name on the State of Colorado Bidder Sheet that will be sent in a separate email. This form must be returned to EnergyNet within 2 business days.

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