Leasing Unit No. 56

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

SOLD

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Leasing Unit No. 56
29.00
29.00
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
$89.16
(Bonus + Agency Fees + Buyer Premium)
Lease Details
Lease Name
Utah Leasing Unit No. 56
County, State
Duchesne, UT
Legal Description
T4S, R6W, USM
Sec. 3: Part of SW¼SW¼ [Metes & Bounds]
Gross Acres
29.00
Net Acres
29.00
Royalty
16.67%
Lease Term
5 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 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.

METES AND BOUNDS

SECTION 3

Beginning at the SW corner of said Section 3, Township 4 South, Range 6 West, Unitah Special Meridian; running thence East 58 rods; thence North 80 rods; thence West 58 rods; thence South 80 rods to place of beginning, containing 29 acres, more or less.

OFFSET ACTIVITY

Completions from the last 365 days in Duchesne County, Utah

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

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Drilling Rigs on location in Duchesne 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.

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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