Generating Revenue from Endowment Land
The Land Board and IDL have statutory authority to administer oil and gas leasing on approximately three million acres of land, as well as the beds of navigable waters which were granted to the state in trust at statehood in 1890. IDL also issues and administers leases for lands held by other state agencies, including Fish and Game, Parks and Recreation, and Transportation.
Revenue generated from leasing oil and gas resources on endowment land provides vital funding to the endowment beneficiaries, including Idaho’s public schools. Idaho’s constitution requires IDL to maximize the revenue generated from these lands for the beneficiaries.
Any individual, company or governmental agency that desires to extract oil and gas owned by the state must obtain an oil and gas lease from IDL.
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Upcoming Oil and Gas Lease Auctions
If you wish to receive an email alert regarding newly posted oil & gas lease auctions state-wide, please click on the email link below:
email link: email@example.com
This list below includes specific parcels nominated and scheduled for auction. “No data” will show below if no auctions are scheduled.
Oil and Gas Expiring Leases
Reserved Dates for Oil and Gas Auctions
New nominations for oil & gas leases are subject to the following reserved quarterly auction dates.
“Click” on the dates below for additional information.
Nomination Closing: October 19, 2023
Tentative Registration Deadline: January 18, 2024
Tentative Auction Date: January 25, 2024
Nomination Closing: January 18, 2024
Tentative Registration Deadline: April 18, 2024
Tentative Auction Date: April 25, 2024
Nomination Closing: April 18, 2024
Tentative Registration Deadline: July 18, 2024
Tentative Auction Date: July 25, 2024
Nomination Closing: July 18, 2024
Tentative Registration Deadline: October 17, 2024
Tentative Auction Date: October 24, 2024
Oil and 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.