Lease Unit No. 84

Summit County, UT
Utah Over the Counter Lease Sale

AUCTION CANCELLED

Property Schedule

Due Diligence Began 4/29/2013
Bidding Started 5/15/2013
Bidding Ended 5/22/2013 2:25 PM
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Lease Unit No. 84
840.00
840.00
Auction has ended
5/15/2013 1:25 PM MDT / 2:25 PM CDT
5/22/2013 1:25 PM MDT / 2:25 PM CDT
-
-
$2/acre
$0.50
$1,743.60
(Bonus + Agency Fees + Buyer Premium)
T3N, R17E, SLB&M
Sec. 31: NE¼, W½SE¼, SE¼SE¼
Sec. 32: S½NE¼, NW¼, S½
Lease Details
Lease Name
Lease Unit No. 84
County, State
Summit, UT
Legal Description
T3N, R17E, SLB&M
Sec. 31: NE¼, W½SE¼, SE¼SE¼
Sec. 32: S½NE¼, NW¼, S½
Gross Acres
840.00
Net Acres
840.00
Royalty
16 2/3%
Lease Term
5 Years
Application Fee
$30.00
Additional Information
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 §63G-2-101, et. seq.
Purchase price includes the lease bonus and 1st year rental. Buyer will be responsible for paying rental payment for years 2 through 5.
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