Leasing Unit No. 4

Emery County, UT
Utah SITLA - Oil, Gas & Associated Hydrocarbons, October 27, 2017

AUCTION CANCELLED

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Leasing Unit No. 4
160.00
160.00
Auction has ended
10/12/2017 5:00 PM MDT / 6:00 PM CDT
10/27/2017 5:00 PM MDT / 6:00 PM CDT
$2 per acre
$356.40
(Bonus + Agency Fees + Buyer Premium)
Lease Details
Lease Name
Utah Leasing Unit No. 4
County, State
Emery, UT
Legal Description
T16S, R8E, SLB&M
Sec. 27: SEĽ [Royalty Rate 12.5% Per Exchange 205]
Gross Acres
160.00
Net Acres
160.00
Royalty
12.50%
Lease Term
5 years
Application Fee
$30.00
Special Stipulation
Specified Royalty Rate
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 $2.00 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.

SPECIAL STIPULATIONS

OG&AH SPECIFIED ROYALTY RATE

IS OFFERED AT 12.50% ROYALTY RATE.

OFFSET ACTIVITY

Drilling Permits from the last 365 days in Emery County, Utah

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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.

Payment must be made within two business days.

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


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