Colorado State Land Board Oil & Gas Lease Sale FAQs

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

If the Lessee will be an Entity, register to conduct business with the Secretary of State of Colorado, if not already registered. Registration with the Secretary of State of Colorado is not required if Lessee is an individual.

For questions about this Secretary of State registration requirement please contact the Colorado State Land Board:

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

Within an hour after the last tract closes, an email will be sent by EnergyNet to the bidder containing the consolidated invoice for all amounts due to the Colorado State Land Board. The invoice is also available on the Buyer's Homepage. Please call EnergyNet at 866-364-4688 if an email is not received within one (1) hour following the sale.

When is the invoice due?

Submit the payment due for the rental, bonus, buyer premium, and all fees within two (2) business days to EnergyNet. One payment for all funds due is acceptable.

What are the payment options?

Remittance to EnergyNet may be made by wire transfer, automated clearing house (ACH), 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 tract information with the payment.

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

If the lessee's name will be different from the bidder's name, please designate the appropriate Lessee Name on the Colorado Bidder Sheet that will be sent in a separate email. This form must be returned to EnergyNet within two (2) business days.

When will I receive my Lease documents?

CO SLB processes and issues the lease documents directly. Lease documents are typically returned within 1-2 weeks following the sale. The lease effective date is the same as sale closing date.

Where can I find more information about the Nomination process?

Click Here to View Government Agency Nomination Information

Where do I find out more about placing bids?

Visit the EnergyNet YouTube page to view a video on Bidding Practices and Tips.

Contact the Government Resources Team with any questions at government@energynet.com or (877) 351-4488.