Server Time (CDT): Apr. 16, 9:15:55a

Lease Unit No. 24

Emery County, UT
Utah Over the Counter Lease Sale

AUCTION CANCELLED

Property Schedule

Due Diligence Began 2/26/2015
Bidding Started 3/19/2015
Bidding Ended 3/26/2015 2:00 PM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Lease:

Lease Unit No. 24

Gross Acres:

639.16

Net Acres:

639.16

Time Remaining:

Auction has ended

Start Time:

3/19/2015 1:00 PM MDT / 2:00 PM CDT

End Time:

3/26/2015 1:00 PM MDT / 2:00 PM CDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$0.50

Total Cost at Starting Bid:

$1,335.60
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

T23S, R13E, SLB&M
Sec. 2: Lots 1(39.72), 2(39.77), 3(39.81), 4(39.86), S½N½, S½ [All]

Lease Details

Lease Name

Lease Unit No. 24

County, State

Emery, UT

Legal Description

T23S, R13E, SLB&M
Sec. 2: Lots 1(39.72), 2(39.77), 3(39.81), 4(39.86), S½N½, S½ [All]

Gross Acres

639.16

Net Acres

639.16

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.
LEASING UNIT NO. 24 MAY CONTAIN ACREAGE WITHIN AN EXISTING BUREAU OF LAND MANAGEMENT ("BLM") WILDERNESS STUDY AREA ("WSA"). A FEDERAL JUDICIAL DECISION PROVIDES THAT REASONABLE ACCESS TO STATE TRUST LANDS WITHIN WSA’S MUST BE GRANTED BY THE BLM; HOWEVER, THE SUCCESSFUL LESSEE WILL BE REQUIRED TO APPLY FOR AND OBTAIN THE APPROPRIATE EASEMENTS FROM THE BLM AT THEIR EXPENSE. ADDITIONALLY, THE SUCCESSFUL LESSEE SHOULD BE AWARE THAT THE TRUST LANDS ADMINISTRATION WILL NOT CONSENT TO LEASE TERM OR ANNUAL RENTAL SUSPENSIONS ON LEASES WHOLLY OR PARTIALLY WITHIN EXISTING OR PROPOSED WSA’S BECAUSE OF RESTRICTIONS PLACED UPON ACCESS OR AVAILABILITY OF SURROUNDING BLM LANDS FOR LEASING AND/OR OPERATIONS.