Official Government Website

Oil & Gas Leasing

Oil and gas leases are offered through competitive bidding at oral or online auctions. Tracts are nominated by Public Land Survey System description. Each nominated tract requires an application fee of $250.00. Leases can be offered for up to a term of 10 years.

The minimum bonus bid increment is $1.00 per acre. The total bonus bid is the sum of the amount bid per acre times the acres in the tract. Successful bidders must pay the bonus bid, plus the first year’s annual rental of $3.00 per acre.

Annual rental for the remaining term of the lease is also $3.00 per acre per year.

There is a royalty on any oil and gas produced from the lease of no less than 12.5%.

A $1,000 bond is required for exploration on each lease. The bond must be increased to $6,000 prior to drilling. An additional bond is required under the drilling permit, which is issued by the Idaho Oil and Gas Conservation Commission.

Rules

20.03.16 – RULES GOVERNING OIL AND GAS LEASING ON IDAHO STATE LANDS.

Oil & Gas Auction Schedule

Please click on calendar dates to the right of page for more details

January 2020
CANCELLED – No Nominations Received

April 2020
CANCELLED – No Nominations Received

July 2020
CANCELLED – No Nominations Received

October 2020
Nomination Closing: July 17, 2020
Auction Opening: October 8, 2020
Auction Closing: October 15, 2020

Contact

Mike Murphy
Minerals Leasing Program Manager
Boise Staff Office
(208) 334-0290


Latest Leasing News

May 27, 2020
Lobbies reopen across the state; support of natural resource-based businesses successfully maintained
May 19, 2020
New Policy and Communications Chief Announced
April 10, 2020
Idaho endowment lands provide habitat for sage grouse
April 3, 2020
More ways to do IDL business online
April 1, 2020
No reports of problems with Idaho oil and gas wells or surface mines following earthquake

Leasing Calendar


Past Oil & Gas Lease Auctions News Archive


Oil & Gas Royalty Audit

Lands and minerals owned by the state are leased to make money for endowment land beneficiaries. IDL requested auditing services to assess whether royalties paid for oil and gas produced from wells were in compliance with the governing statutes, rules and leases, and reflect accurate reporting made by the operator.

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