SOLD
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
Please log in as a buyer in order to bid.
Lease:
Leasing Unit No. 13
Gross Acres:
485.67
Net Acres:
485.67
Time Remaining:
Auction has ended
Start Time:
6/28/2017 5:00 PM MDT / 6:00 PM CDT
End Time:
7/28/2017 5:00 PM MDT / 6:00 PM CDT
Minimum Bid:
$2 per acre
Total Lease Cost at Minimum Bid:
$1,021.44
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T15S, R11E, SLB&M
Sec. 8: Part of SW¼NE¼, Part of SE¼NW¼, Part of NE¼SW¼, Part of NW¼SE¼ [Metes & Bounds]
Sec. 16: Lots 3(38.72), 4(38.77), N½NE¼, SE¼NE¼, NE¼NW¼, S½S½ [Lots aka N½SW¼]
Lease Details
Lease Name
Utah Leasing Unit No. 13
County, State
Carbon, UT
Legal Description
T15S, R11E, SLB&M
Sec. 8: Part of SW¼NE¼, Part of SE¼NW¼, Part of NE¼SW¼, Part of NW¼SE¼ [Metes & Bounds]
Sec. 16: Lots 3(38.72), 4(38.77), N½NE¼, SE¼NE¼, NE¼NW¼, S½S½ [Lots aka N½SW¼]
Gross Acres
485.67
Net Acres
485.67
Royalty
16.67%
Lease Term
5 Years
Application Fee
$30.00
Special Stipulation
Lands Partially Located Within the Dragon O&G Unit
Additional Information
TERMS AND CONDITIONS
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.
The Applicant offers minimum $2.00Â per acre and for each fractional part of an acre (fractional acre is rounded up to one full acre), which includes the first years annual rental, unless otherwise noted. Click here to view lease form.
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.
METES AND BOUNDS
SECTION 8
Beginning at a point 394 feet North of the SE corner of the NW¼ of the SE¼ of Section 8, Township 15 South, Range 11 East, Salt Lake Meridian, and running thence North 2246 feet; thence West 160 rods; thence South 950 feet to North line of D. & R. G. Railroad right-of-way; thence Southeasterly along said right-of-way to the place of beginning, excepting, however, therefrom the right-of-way of the Railroad Company, containing in all 89 acres, more or less. Excepting that parcel described as follows: Commencing at the NW corner of the SE¼ of the NW¼ of Section 8, Township 15 South, Range 11 East, Salt Lake Meridian; thence running East 2180 feet; thence South 16.5 feet; thence West 2180 feet; thence North 16.5 feet to beginning, containing 0.82 acres, more or less. Containing a total acreage of 88.18 acres, more or less.
SPECIAL STIPULATIONS
O&G UNITIZED AREA
CONTAINS ACREAGE LOCATED WITHIN THE Dragon OIL & GAS UNIT.
OFFSET ACTIVITY
Drilling Permits from the last 365 days in Carbon County, Utah
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.
BUYER PREMIUM
A 2% Buyer Premium, calculated as 2% of the total bid amount, will be added to the cost of this lease.
CONTACT INFORMATION
SITLA
David Alldredge
Trust Lands Mineral Resource Specialist
(801) 538-5157
Email: dalldredge@utah.gov
Lisa Wells
Senior Research Analyst
(801) 538-5154
Email: lisawells@utah.gov
Aly Hale
Lease Analyst
(801) 538-5159
Email: ahale@utah.gov
EnergyNet
John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122
Email: John.Munroe@energynet.com
Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com
Brandon Savage
Assistant Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com