Leasing Unit No. 51

San Juan County, UT
Utah SITLA - Metalliferous Minerals, July 28, 2017

SOLD

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Leasing Unit No. 51
440.00
440.00
Auction has ended
6/28/2017 5:00 PM MDT / 6:00 PM CDT
7/28/2017 5:00 PM MDT / 6:00 PM CDT
$1.14 per acre
$541.63
(Bonus + Agency Fees + Buyer Premium)
Lease Details
Lease Name
Utah Leasing Unit No. 51
County, State
San Juan, UT
Legal Description
T29.5S, R24E, SLB&M
Sec. 36: N½NE¼, W½, SW¼SE¼
Gross Acres
440.00
Net Acres
440.00
Royalty
4%. 8%-fissionable
Lease Term
10 Years
Application Fee
$30.00
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 a minimum of $500.00 per lease unit, regardless of acreage, or $1.00 per acre, (fractional acre is rounded up to one full acre) whichever is greater. 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.

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

Jerry Mansfield
Trust Lands Mineral Resource Specialist
(801) 538-5153
Email: jmansfield@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


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