Trusted stewards of Idaho's resources, from main street to mountain top

Oil & Gas Leasing

The IDL administers leases for State-owned land and minerals with oversight and approval by the Land Board.

Lands and minerals owned by the state endowment trust are leased to make money for specified endowment beneficiary institutions. The IDL also leases other State-owned lands, such as lands owned by the Idaho Department of Fish and Game, the Idaho Transportation Department, and public trust lands.

Leasing

20.03.16 - RULES GOVERNING OIL AND GAS LEASING ON IDAHO STATE LANDS can be found here.

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 LEASE
ON-LINE AUCTION SCHEDULE

January 2018
CANCELLED - No Nominations Received

April 2018
CANCELLED - No Nominations Received

July 2018
CANCELLED - No Nominations Received

October 2018
Nomination Closing: July 20, 2018
Auction Opening: October 11, 2018
Auction Closing: October 18, 2018

January 2019
Nomination Closing: October 19, 2018
Auction Opening: January 10, 2019
Auction Closing: January 17, 2019

April 2019
Nomination Closing: January 18, 2019
Auction Opening: April 11, 2019
Auction Closing: April 18, 2019

July 2019
Nomination Closing: April 19, 2019
Auction Opening: July 11, 2019
Auction Closing: July 18, 2019

October 2019
Nomination Closing: July 19, 2019
Auction Opening: October 10, 2019
Auction Closing: October 17, 2019

Contacts

  • Mike Murphy
    Endowment Leasing Bureau Chief
    Boise Staff Office
    (208) 334-0290