UT-2023-01-1494

Millard County, UT
BLM Utah Geothermal Lease Sale, January 24, 2023

SOLD

Property Schedule

Due Diligence Began 12/5/2022
Bidding Started 1/24/2023
Bidding Ended 1/24/2023 10:35 AM
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UT-2023-01-1494
1,864.99
Auction has ended
1/24/2023 9:05 AM MST / 10:05 AM CST
1/24/2023 9:35 AM MST / 10:35 AM CST
-
$86/acre
$2/acre
$1
$166,710.85
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
UT-2023-01-1494UTUT105787863
County, State
Millard, UT
Legal Description
Updated 01/19/2023
See Errata No. 1
T. 25 S., R. 6 W., SALT LAKE MER,
Sec. 5 ALL;
Sec. 8 ALL;
PB 38, unsurveyed.
Acres
1,864.99
Rental (1st Year)
$3,730.00
Royalty
1.75%
Administrative Fee
$185.00
Expression of Interest
UT00018360
Serial Number
UTUT105787863
Lease Terms and Conditions

All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.

A lease issued as a result of this sale will have a primary term of 10 years. The BLM will extend the primary term of the lease if the requirements found in the regulations 43 CFR 3207.10 have been met. Annual rental is $2 per acre for the first year (paid to the BLM), and $3 per acre for the second through tenth year (paid to the Office of Natural Resources Revenue (ONRR)). After the tenth year, annual rental will be $5 per acre. Rental is always due in advance of the lease year. The ONRR must receive annual rental payments by the anniversary date of the lease year or your lease may be terminated.

Royalty rates for geothermal resources produced for the commercial generation of electricity but not sold in an arm’s length transaction are: 1.75 percent for the first 10 years of production and 3.5 percent after the first 10. The royalty rate is to be applied to the gross proceeds derived from the sale of electricity in accordance with 30 CFR part 206 subpart H.

You will find other lease terms on our standard lease form (Form 3200-24a, September 2008)].

Stipulations and Notices

Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations. They are requirements or restrictions on how you conduct operations.
They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • HQ-CR-1 Cultural Resource Protection
  • HQ-TES-1 Threatened and Endangered Species Act
  • UT-LN-156 Pollinators and Pollinator Habitat (Sept 2018 Price-Richfield Lease Sale EA)
  • UT-GEO-S-01 NSO - National Register of Historic Places, Cultural Resources (Sites, Structures, Objects, and Traditional Use Areas) (2008 ROD 2.3.2. NSO Stips)
  • UT-GEO-S-02 NSO - Traditional Cultural Properties (2008 ROD 2.3.2. NSO Stips)
  • FIF2013-CSU-02 Active Raptor Nests
  • FIF2013-CSU-04 Cultural Resources
  • FIF2013-CSU-15 Floodplains and Wetlands
  • FIF2013-CSU-18 Sensitive Wildlife Species
  • FIF2013-LN-01 Cultural Resources
  • FIF2013-LN-02 Threatened or Endangered Species
  • FIF2013-LN-03 Migratory Birds
  • FIF2013-N-01 Lands Administered by the Fishlake National Forest under Jurisdiction of Department of Agriculture
  • FIF2013-NSO-02 Steep Slopes > 35%
  • FIF2013-NSO-03 Riparian Areas
  • FIF2013-NSO-15 Inventoried Roadless Areas
  • FIF2013-TL-01 Bighorn Sheep Lambing Areas, Crucial Elk Calving & Mule Deer Fawning Habitat
  • FIF2013-TL-02 Crucial Elk & Mule Deer Winter Range
Successful Bidder Notification

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

On the day of the sale, you must pay 20 percent of the bonus bid; the first year’s advance rental of $2.00 per acre or fraction of an acre; and a non-refundable administrative fee of $185.00, to the BLM State Office by the close of business.

Buyer Premium

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

BLM Utah Contact Information
EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #180

1/24/2023 10:34:50 AM

$86

Bidder #958

1/24/2023 10:31:38 AM

$85

Bidder #838

1/24/2023 10:34:03 AM

$27

Bidder #958

1/24/2023 10:31:38 AM

$21

Bidder #838

1/24/2023 10:33:47 AM

$20

Bidder #958

1/24/2023 10:31:38 AM

$16

Bidder #838

1/24/2023 10:33:33 AM

$15

Bidder #958

1/24/2023 10:19:24 AM

$5

Bidder #180

1/24/2023 10:05:19 AM

$4

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