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Whats the difference between an Expression of Interest (EOI) and a Noncompetitive Presale Lease Offer?

April 26, 2017difference eoi expression lease noncompetitive Offer Presale

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Whats the difference between an Expression of Interest (EOI) and a Noncompetitive Presale Lease Offer?

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An EOI is an informal nomination for lands to appear on a competitive oil and gas auction. A noncompetitive presale lease offer is a formal request for lands to be offered competitively. Form 3100-11 (October 2008) must be completed and the first year’s rental of $1.50 per acre or fraction thereof must accompany your offer, along with a nonrefundable filing fee of $375.