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.