MINIMUM BID AMOUNT

LEASING UNIT IS AT A MINIMUM BID OF $500.00 WITH A MINIMUM ANNUAL RENTAL OF $500.00 PER YEAR. REFER TO THE SCHOOL AND INSTITUTIONAL TRUST LANDS ADMINISTRATION RULES AND REGULATIONS (O&G R850-21-500-1B; MINERALS R850-25-300-1C).

PUGH CLAUSE

INCLUDED IN ALL OIL AND GAS LEASES: AS TO ANY ACREAGE OF THE LEASED PREMISES WHICH IS NOT WITHIN A PRODUCING AREA IN ACCORDANCE WITH UDOGM RULES AND REGULATIONS, INCLUDING, WITHOUT LIMITATION R649-3-2 AND R649-3-3, OR ANY SITLA APPROVED PRODUCTION OR SPACING UNIT, AT THE EXPIRATION OF THE PRIMARY TERM, THIS LEASE WILL AUTOMATICALLY TERMINATE, EXPIRE, AND BE OF NO FURTHER FORCE OR EFFECT INSOFAR, AND ONLY INSOFAR, AS TO ANY LANDS COMPRISING THE LEASED PREMISES THAT ARE NOT WITHIN SUCH PRODUCING AREA OR INCLUDED IN ONE OR MORE OF THE SAID SITLA APPROVED POOLS OR UNITS (UNLESS THE LANDS ARE OTHERWISE MAINTAINED BY THE PROVISIONS OF THIS LEASE). UPON REQUEST BY LESSOR, LESSEE SHALL EXECUTE A RELEASE OF THIS LEASE AS TO SUCH ACREAGE RELEASED UNDER THIS PUGH CLAUSE.

DEPTH LIMITATION

DEPTH LIMITATION OF 2,500 FEET.

All bidding and lease sales on SITLA properties listed on this website shall be subject to the statutes, administrative rules, and other laws of the State of Utah, including but not limited to the Utah Government Records Access and Management Act, UTAH CODE SS63G-2-101, et. seq.

The Applicant offers a minimum bid of $500.00 per leasing unit, regardless of acreage, or $2.00 per acre, whichever is greater, covering the first year's annual rental. Fractional acres are rounded up to one full acre. Pugh Clause included in lease. Click here to view lease form.

Failure of funds or failure to execute a lease within 30 days of receipt shall constitute a forfeiture of the bonus bid and termination of the lease agreement.

Utah SITLA Contact
Dorothy Taylor, Senior Lease Analyst
Email dataylor@utah.gov
Office (801) 538-5161

EnergyNet Contact
Government Resources
Email government@energynet.com
Office (877) 351-4488

When the bids are accepted by SITLA, the successful bidder will be notified via email with closing instructions, including total amount due.

Payment must be made within two business days.

A 2% Buyer Premium, calculated as 2% of the total bid amount, will be added to the cost of this lease.