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.

2018 Schedule for Oil & Gas Lease Auctions (Online Auction)

  • Quarter 1
    Beginning Date for Auction: 1/8/2018
    Closing Date for Auction: 1/19/2018
    Closing Date to Nominate: 10/13/2017
    Withdrawal Date: 1/5/2018
  • Quarter 2
    Beginning Date for Auction: 4/9/2018
    Closing Date for Auction: 4/20/2018
    Closing Date to Nominate: 1/13/2018
    Withdrawal Date: 4/6/2018
  • Quarter 3
    Beginning Date for Auction: 7/9/2018
    Closing Date for Auction: 7/20/2018
    Closing Date to Nominate: 4/13/2018
    Withdrawal Date: 7/6/2018
  • Quarter 4
    Beginning Date for Auction: 10/8/2018
    Closing Date for Auction: 10/19/2018
    Closing Date to Nominate: 7/13/2018
    Withdrawal Date: 10/5/2018

Past Oil & Gas Lease Auctions

News Release: Oct. 19, 2016 Oil & Gas Lease Auction (pdf)

News Release: Oct. 16, 2014 Oil & Gas Lease Auction (pdf)

News Release: Apr. 17, 2014 Oil & Gas Lease Auction (pdf)

News Release: Jan. 16, 2014 Oil & Gas Lease Auction (pdf)

Contacts

  • Dave Schwarz
    Minerals Leasing Program Manager
    Boise Staff Office
    (208) 334-0260
  • Mike Murphy
    Endowment Leasing Bureau Chief
    Boise Staff Office
    (208) 334-0290