SOLD
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit No. 85
Gross Acres:
80.00
Net Acres:
80.00
Time Remaining:
Auction has ended
Schedule Status:
Bids Due:
April 27th, 2018
6:00 PM CDT / 5:00 PM MDT
Minimum Bid:
$21.25 per acre
Total Lease Cost at Minimum Bid:
$1,764
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T21S, R13W, SLB&M
Sec. 32: NW¼NE¼, NE¼NW¼
Lease Details
Lease Name
Utah Leasing Unit No. 85
County, State
Millard, UT
Legal Description
T21S, R13W, SLB&M
Sec. 32: NW¼NE¼, NE¼NW¼
Gross Acres
80.00
Net Acres
80.00
Royalty
Greater of 10% or $300.00 per ton
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 bid of $500.00 or $10.00 per acre, (fractional acre is rounded up to one full acre) which ever is greater, as well as $900.00 as an annual advanced minimum royalty payment.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
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