Leasing Unit No. 65
Morgan/Summit
Utah Over the Counter Lease Sale
AUCTION CANCELLED
Property Schedule
Due Diligence Began
11/22/2016
Bidding Started
11/22/2016
Bidding Ended
12/1/2016 10:36 AM
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Leasing Unit No. 65
792.11
792.11
Auction has ended
11/22/2016 9:36 AM MST / 10:36 AM CST
12/1/2016 9:36 AM MST / 10:36 AM CST
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-
$2/acre
$0.50
$1,647.72
(Bonus + Agency Fees + Buyer Premium)
T3N, R3E, SLB&M
Sec. 26: Lots 2(39.42), 3(39.42), 4(39.42), 5(39.45), 6(39.45), 7(39.45), 10(39.48), 11(39.48), 12(39.48), 13(39.52), 14(39.52), 15(39.52) [aka W½E½, W½]
Sec. 34: Lots 3(39.67), 4(39.67), 5(39.77), 6(39.77), 11(39.86), 12(39.86), 13(39.95), 14(39.95) [aka W½]
Sec. 26: Lots 2(39.42), 3(39.42), 4(39.42), 5(39.45), 6(39.45), 7(39.45), 10(39.48), 11(39.48), 12(39.48), 13(39.52), 14(39.52), 15(39.52) [aka W½E½, W½]
Sec. 34: Lots 3(39.67), 4(39.67), 5(39.77), 6(39.77), 11(39.86), 12(39.86), 13(39.95), 14(39.95) [aka W½]
Lease Details
Lease Name
Leasing Unit No. 65
County, State
Beaver, UT
Legal Description
T3N, R3E, SLB&M
Sec. 26: Lots 2(39.42), 3(39.42), 4(39.42), 5(39.45), 6(39.45), 7(39.45), 10(39.48), 11(39.48), 12(39.48), 13(39.52), 14(39.52), 15(39.52) [aka W½E½, W½]
Sec. 34: Lots 3(39.67), 4(39.67), 5(39.77), 6(39.77), 11(39.86), 12(39.86), 13(39.95), 14(39.95) [aka W½]
Sec. 26: Lots 2(39.42), 3(39.42), 4(39.42), 5(39.45), 6(39.45), 7(39.45), 10(39.48), 11(39.48), 12(39.48), 13(39.52), 14(39.52), 15(39.52) [aka W½E½, W½]
Sec. 34: Lots 3(39.67), 4(39.67), 5(39.77), 6(39.77), 11(39.86), 12(39.86), 13(39.95), 14(39.95) [aka W½]
Gross Acres
792.11
Net Acres
792.11
Royalty
16.67%
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.
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.
Special Stipulations
This tract may contain acreage within a State Managed Greater Sage Grouse Habitat. To see the full Conservation Plan, click here. For more information regarding the Greater Sage Grouse, you can visit http://wildlife.utah.gov/learn-more/greater-sage-grouse.html
Successful Bidder Notification
When the bids are accepted by SITLA, the successful bidder will be notified via email with closing instructions, including total amount due.
GIS Data
GIS data in the form of a shapefile is available for this lease sale. Click here to download.
Please be advised that the information contained herein 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 contained herein.
Contact Information
SITLA
Ed Bonner
Trust Lands Mineral Resource Specialist
(801) 538-5151
Lisa Wells
Senior Research Analyst
(801) 538-5154
Aly Hale
Lease Analyst
(801) 538-5159
EnergyNet
John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122
Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Brandon Savage
Asst Manager of Government Lease Sales
(806) 463-3621