Leasing Unit No. 40

Juab County, UT
Utah SITLA - Oil, Gas & Associated Hydrocarbons

AUCTION CANCELLED

Please log in as a buyer to view registration status.
Please log in as a buyer in order to bid.
Leasing Unit No. 40
442.57
442.57
Auction has ended
Bids Due:
July 27th, 2018
6:00 PM CDT / 5:00 PM MDT
$2 per acre
$933.72
(Bonus + Agency Fees + Buyer Premium)
Lease Details
Lease Name
Utah Leasing Unit No. 40
County, State
Juab, UT
Legal Description
T13S, R1W, SLB&M
Sec. 5: Lot 2 [NW¼NE¼]
Sec. 6: Lots 1(31.86), 3(30.51), S½NE¼, SE¼NW¼, NE¼SW¼, S½SE¼ [Lots aka NE¼NE¼, NE¼NW¼]
Sec. 18: SE¼NE¼
Sec. 31: Lot 1(25.62), SE¼SE¼ [Lot aka NW¼NW¼]
Gross Acres
442.57
Net Acres
442.57
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.

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


1