§ 36-9-112 — Granting of patents; reservation of minerals

(a) Whenever the purchaser of any state land, or his
assign, has complied with all the conditions of this act and has
paid all the purchase money therefor, together with the lawful
interest thereon, he shall receive a patent for the land
purchased. Such patent shall run in the name of the state of
Wyoming, it shall be signed by the governor, and countersigned
by the director, and attested by the seal of the board. Such
patent signed and executed as aforesaid shall convey a good and
sufficient title to the patentee therein named. A fee interest
in any state land may be perfected only as herein provided and
only by express grant by the state of Wyoming for that purpose.
(b) Patents issued by the state of Wyoming shall contain a
reservation to the state of all the minerals, whether or not now
known, or which may be discovered hereafter, together with the
right of ingress and egress to prospect for, mine, and remove
such minerals. The board of land commissioners is authorized to
promulgate rules and regulations necessary to implement the
exchange of mineral rights on a value for value basis. The
exchange program may authorize a cash equalization receipt or
payment of up to twenty-five percent (25%) of the value of the
mineral rights. Any receipt shall be deposited into, and any
payment shall be made from, the permanent land fund.