Leasing Unit No. 31

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

SOLD

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Leasing Unit No. 31
640.00
640.00
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
$1,335.60
(Bonus + Agency Fees + Buyer Premium)
Lease Details
Lease Name
Utah Leasing Unit No. 31
County, State
San Juan, UT
Legal Description
T37S, R26E, SLB&M
Sec. 32: All
Gross Acres
640.00
Net Acres
640.00
Royalty
16.67%
Lease Term
5 years
Application Fee
$30.00
Special Stipulation
Lands Within Wilderness Study Area
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

WILDERNESS STUDY AREA (WSA) WITHIN

MAY CONTAIN ACREAGE WITHIN AN EXISTING BUREAU OF LAND MANAGEMENT ("BLM") WILDERNESS STUDY AREA ("WSA"). A FEDERAL JUDICIAL DECISION PROVIDES THAT REASONABLE ACCESS TO STATE TRUST LANDS WITHIN WSA’S MUST BE GRANTED BY THE BLM; HOWEVER, THE SUCCESSFUL LESSEE WILL BE REQUIRED TO APPLY FOR AND OBTAIN THE APPROPRIATE EASEMENTS FROM THE BLM AT THEIR EXPENSE. ADDITIONALLY, THE SUCCESSFUL LESSEE SHOULD BE AWARE THAT THE TRUST LANDS ADMINISTRATION WILL NOT CONSENT TO LEASE TERM OR ANNUAL RENTAL SUSPENSIONS ON LEASES WHOLLY OR PARTIALLY WITHIN EXISTING OR PROPOSED WSA’S BECAUSE OF RESTRICTIONS PLACED UPON ACCESS OR AVAILABILITY OF SURROUNDING BLM LANDS FOR LEASING AND/OR OPERATIONS.

OFFSET ACTIVITY

Completions from the last 365 days in San Juan County, Utah

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Drilling Permits from the last 365 days in San Juan 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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