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.
Oil & Gas Auction Schedule
Please click on calendar dates to the right of page for more details
CANCELLED – No Nominations Received
Nomination Closing: July 17, 2020
Auction Opening: October 8, 2020
Auction Closing: October 15, 2020
Nomination Closing: October 16, 2020
Auction Opening: January 7, 2021
Auction Closing: January 14, 2021
Nomination Closing: January 15, 2021
Auction Opening: April 8, 2021
Auction Closing: April 15, 2021
Nomination Closing: April 16, 2021
Auction Opening: July 8, 2021
Auction Closing: July 15, 2021
Nomination Closing: July 16, 2021
Auction Opening: October 7, 2021
Auction Closing: October 14, 2021
Minerals Leasing Program Manager
Boise Staff Office
Latest Leasing NewsJuly 27, 2020
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July 23, 2020
Director Miller Addresses McCall Endowment Land
July 17, 2020
Pause on new leases, land sales and exchanges in McCall continues; Land Board will discuss Idaho Department of Lands study of the area July 21
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
Past Oil & Gas Lease Auctions News Archive
- News Release: Oct. 19, 2016 Oil & Gas Lease Auction
- News Release: Oct. 16, 2014 Oil & Gas Lease Auction
- News Release: Apr. 17, 2014 Oil & Gas Lease Auction
- News Release: Jan. 16, 2014 Oil & Gas Lease Auction
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.