The Office of State Lands and Investments held its quarterly oil and gas lease auction on Wednesday, August 7, 2013. The auction generated $1,607,918.28 million in mineral leases on a total of 6970.71 acres.
These funds help support public schools and other designated beneficiaries such as the Fish Hatchery, Wyoming Game and Fish Department; Wyoming State Hospital and Veteran’s Home, Wyoming Department of Health; Public Buildings; Girls and Boys School and Women’s Center, Wyoming Department of Corrections; State Library; and the Agricultural College, University of Wyoming.
The State Board of Land Commissioners (SBLC), consisting of the State’s five elected officials, is responsible for managing state trust lands to preserve, protect and optimize revenue for its trust beneficiaries.
The Wyoming State Constitution and the Wyoming State Legislature have directed the SBLC to manage trust assets for two key purposes: long-term growth in value, and optimum, sustainable revenue production while concurrently striving to protect, conserve, and maintain the lands so they may be used by future generations.
The sale included parcels from Big Horn, Campbell, Carbon, Converse, Crook, Fremont, Hot Springs, Johnson, Laramie, Lincoln, Natrona, Niobrara, Park, Sublette, Sweetwater, Uinta, Washakie, and Weston counties.
Auction results are available on the agency website at http://lands.state.wy.us/ or by linking directly to the August 7, 2013 auction results at http://slf-web.state.wy.us/MLease/auctions/parcels/resultsaug13.pdf
The next state oil and gas lease auction is scheduled for November 6, 2013 in Cheyenne.