The Wyoming State Lands and Investments Board has announced a special auction of oil and gas leases to be held on July 9, 2010. These leases are located mostly in Laramie, Platte and Goshen Counties, and are expected to generate much interest due to exposure to the Niobrara Shale.
The terms of the lease is five years with a royalty rate of 12.5% or 16.667%. The prior auction in May 2010 brought in $45.6 million on 200 parcels.
Wyoming Parcels – July 9 Auction – Niobrara Shale
