Leasing Unit No. 3

Uintah County, UT
Utah Over the Counter Lease Sale

SOLD

Property Schedule

Due Diligence Began 1/17/2017
Bidding Started 1/17/2017
Bidding Ended 1/24/2017 9:00 AM
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Leasing Unit No. 3
711.16
711.16
Auction has ended
1/17/2017 8:00 AM MST / 9:00 AM CST
1/24/2017 8:00 AM MST / 9:00 AM CST
-
$2/acre
$2/acre
$0.50
$1,482.48
(Bonus + Agency Fees + Buyer Premium)
Lease Details
Lease Name
Leasing Unit No. 3
County, State
Uintah, UT
Legal Description
T13S, R25E, SLB&M
Sec. 2: Lots 1(17.59), 2(17.72), 3(17.86), 4(17.99), 5(40.00), 6(40.00), 7(40.00), 8(40.00), S½N½, S½ [All]
Gross Acres
711.16
Net Acres
711.16
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 Leasing Unit contains acreage located within the Displacement Point II Oil & Gas Unit.
Drilling Permits from the last 365 days in Uintah County, Utah
source: www.drillinginfo.com

Drilling Rigs on Location in Uintah County, Utah
source: www.drillinginfo.com

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
Bid History (Top 10)

Bidder

Placed

Amount

Bidder #4

1/24/2017 8:59:46 AM

$2

1