Proposed July 29 State Oil and Gas Lease Auction to Offer Tentative Total of 24,373.04 Acres

The first auction sale of oil and gas rights to state of Michigan-owned minerals since October of 2019 has been tentatively scheduled for July 29, 2021, and will be conducted as the state’s first ever entirely online-bid oil and gas lease auction.

The proposed online-bid auction sale  will contain a tentative offering of more than 24,000 acres, with nearly 70% of the acreage located in Gladwin, Kalkaska, Grand Traverse, and Missaukee counties. The overall offering is made up of acreage nominations submitted during two nomination periods — from Nov. 4 to Dec. 9, 2019 and from May 4 to June 8, 2020.

Registration of bidders will open no later than July 16, according to a public notice of the auction.

Additional information on the acreage nominated and the format of the auction can be found in the Michigan Oil & Gas News. Not yet a subscriber? Sign up today! and don't miss out on any of the great content relevant to you and your business. 

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  • Michael Cornelius
    published this page in NEWS 2021-06-08 10:23:33 -0400
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