Lease Unit No. 71
Sevier County, UT
Utah Over the Counter Lease Sale
SOLD
Property Schedule
Due Diligence Began
10/29/2013
Bidding Started
11/12/2013
Bidding Ended
11/19/2013 3:55 PM
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Lease Unit No. 71
922.14
922.14
Auction has ended
11/12/2013 2:55 PM MST / 3:55 PM CST
11/19/2013 2:55 PM MST / 3:55 PM CST
-
$2/acre
$2/acre
$0.50
$1,912.92
(Bonus + Agency Fees + Buyer Premium)
T22S, R4E, SLB&M
Sec. 5: Lots 1(41.48), 2(41.40), 3(41.32), 4(41.24), S½NE¼, SE¼NW¼, W½SW¼, SE¼SW¼, N½SE¼, SE¼SE¼ [Lots aka N½N½]
Sec. 6: Lot 2(40.75), SE¼NW¼ [Lot aka NW¼NE¼]
Sec. 7: NE¼, NE¼SE¼, SW¼SE¼
Sec. 18: Lot 4(35.95), NW¼NE¼ [Lot aka SW¼SW¼]
Sec. 5: Lots 1(41.48), 2(41.40), 3(41.32), 4(41.24), S½NE¼, SE¼NW¼, W½SW¼, SE¼SW¼, N½SE¼, SE¼SE¼ [Lots aka N½N½]
Sec. 6: Lot 2(40.75), SE¼NW¼ [Lot aka NW¼NE¼]
Sec. 7: NE¼, NE¼SE¼, SW¼SE¼
Sec. 18: Lot 4(35.95), NW¼NE¼ [Lot aka SW¼SW¼]
Lease Details
Lease Name
Lease Unit No. 71
County, State
Sevier, UT
Legal Description
T22S, R4E, SLB&M
Sec. 5: Lots 1(41.48), 2(41.40), 3(41.32), 4(41.24), S½NE¼, SE¼NW¼, W½SW¼, SE¼SW¼, N½SE¼, SE¼SE¼ [Lots aka N½N½]
Sec. 6: Lot 2(40.75), SE¼NW¼ [Lot aka NW¼NE¼]
Sec. 7: NE¼, NE¼SE¼, SW¼SE¼
Sec. 18: Lot 4(35.95), NW¼NE¼ [Lot aka SW¼SW¼]
Sec. 5: Lots 1(41.48), 2(41.40), 3(41.32), 4(41.24), S½NE¼, SE¼NW¼, W½SW¼, SE¼SW¼, N½SE¼, SE¼SE¼ [Lots aka N½N½]
Sec. 6: Lot 2(40.75), SE¼NW¼ [Lot aka NW¼NE¼]
Sec. 7: NE¼, NE¼SE¼, SW¼SE¼
Sec. 18: Lot 4(35.95), NW¼NE¼ [Lot aka SW¼SW¼]
Gross Acres
922.14
Net Acres
922.14
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.
Data represented on these maps is for REFERENCE USE ONLY and is not suitable for legal, engineering, or surveying purposes. Neither SITLA nor EnergyNet.com shall be liable for any direct, indirect or consequential damages to any party arising out of or in connection with the use of data on these maps.
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #14
11/18/2013 5:27:46 PM
$2