Leasing Unit No. 49

Morgan/Summit
Utah Over the Counter Lease Sale

AUCTION CANCELLED

Property Schedule

Due Diligence Began 1/17/2017
Bidding Started 1/17/2017
Bidding Ended 1/24/2017 9:38 AM
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Leasing Unit No. 49
600.00
600.00
Auction has ended
1/17/2017 8:38 AM MST / 9:38 AM CST
1/24/2017 8:38 AM MST / 9:38 AM CST
-
-
$2/acre
$0.50
$1,254
(Bonus + Agency Fees + Buyer Premium)
T1N, R3E, SLB&M
Sec. 10 NE¼, S½NW¼, SW¼SW¼, N½SE¼ Sec. 20: NE¼NE¼, W½E½, NE¼SE¼
Lease Details
Lease Name
Leasing Unit No. 49
County, State
Beaver, UT
Legal Description
T1N, R3E, SLB&M
Sec. 10 NE¼, S½NW¼, SW¼SW¼, N½SE¼ Sec. 20: NE¼NE¼, W½E½, NE¼SE¼
Gross Acres
600.00
Net Acres
600.00
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.
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.
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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