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State Board of Land Commissioners

Lease Sale Exceeding $1 Million Breaks Record

A record-setting oil and gas lease sale on state trust lands was announced today netting $1,187,194 from the first quarter of 2022. Approved by the State Board of Land Commissioners this morning the sale represents the most revenue from a sale since 2014. It also ranks as the seventh highest average bid price per acre in the history of oil and...