State of Oklahoma Oil & Gas Lease Sale FAQs

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

Within 5 days of the close of the sale, you will receive an invoice directly from EnergyNet via email. This invoice will require the 25% bonus bid amount and Buyer Premium, payable to EnergyNet within 2 business days. If you do not receive the email within 5 days, please check your "Buyer's Homepage" for the invoice. If you are still not able to find your invoice(s) please call EnergyNet at 877-351-4488.

You will receive a separate invoice directly from the State of Oklahoma for the remaining bonus bid, delay rental, and Oklahoma Advertising Fee. The invoice will contain instructions for payment and due date.

When is the invoice due?

You are required to submit 25% of the Bonus Bid and the Buyer Premium directly to EnergyNet within 2 business days.

You are required to submit the remaining 75% of the Bonus Bid, along with the delay rental and Oklahoma Advertising Fee directly to Oklahoma within 30 days of the close of the sale.

What are the payment options?

Payment for all winning online leases shall be made within 2 business days of the sale conclusion by wire transfer, cashier's check or ach.

All wire payments shall be made by Fedwire deposit and the tract number(s) must be referenced on the wire. Please see the invoice for instructions.

Late payments will be rejected, and no lease will be issued for that parcel.

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 coordinate the appropriate Lessee Name directly with the State of Oklahoma when final payment is made.

Where can I find more information about the Nomination process?

Click Here to View Government Agency Nomination Information

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