AUCTION CANCELLED
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit No. 26
Gross Acres:
476.97
Net Acres:
476.97
Time Remaining:
Auction has ended
Schedule Status:
Bids Due:
April 27th, 2018
6:00 PM CDT / 5:00 PM MDT
Minimum Bid:
$2 per acre
Total Lease Cost at Minimum Bid:
$1,003.08
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T12S, R15E, SLB&M
Sec. 2: Lots 1(39.04), 2(39.14), 3(39.27), 4(39.52), S½ [All]
Lease Details
Lease Name
Utah Leasing Unit No. 26
County, State
Carbon, UT
Legal Description
T12S, R15E, SLB&M
Sec. 2: Lots 1(39.04), 2(39.14), 3(39.27), 4(39.52), S½ [All]
Gross Acres
476.97
Net Acres
476.97
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 $2.00Â 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.
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.
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
Lisa Wells
Senior Research Analyst
(801) 538-5154
Email: lisawells@utah.gov
Aly Gold
Research Analyst
(801) 538-5159
Email: agold@utah.gov
EnergyNet
Gus Rivero
VP of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com
Brandon Savage
Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com
Heather Fugger
Government Lease Sales Analyst
(806) 463-3619
Email: Heather.Fugger@energynet.com