Wyoming OSLI Oil & Gas Lease Sale FAQs

Do I need to register my entity with the Wyoming Secretary of State?

To be qualified to receive or hold any interest in a state lease, corporations, limited partnerships and limited liability companies must be authorized to transact business in the State of Wyoming by the Secretary of State, and general partnerships shall provide the Office with a copy of their partnership papers. (https://sos.wyo.gov/business/)

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

Approximately 30 minutes to an hour after the last parcel closes, you will receive an email containing the invoice showing the total amount owed. If you do not receive an invoice within one hour, please call EnergyNet at 877-351-4488.

When is the invoice due?

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

What are the payment options?

Remittance may be made by wire transfer or overnighted cashier's or certified 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 invoice number with the wire payment or overnighted check.

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 for each respective parcel number on the Wyoming Bidder Sheet, which will be emailed to you in addition to the invoice.

How do I find out the name of another bidder?

Bids appear with only a corresponding bidder number on the EnergyNet website. WY OSLI releases a more detailed report of the Lessee names after the close of the sale, and these results will be posted on the EnergyNet website when available.

When will I receive my Lease documents?

WY OSLI process and issues the lease documents directly. The Leases must be approved by the Board at the next meeting following the sale close date and will be processed after such approval.

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. https://youtu.be/DPZM0S1smBE

If you have questions, you may contact the Government Resources Team at government@energynet.com or (877) 351-4488.

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