SOLD
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit No. 48
Gross Acres:
960.00
Net Acres:
960.00
Time Remaining:
Auction has ended
Schedule Status:
Bids Due:
October 26th, 2018
6:00 PM CDT / 5:00 PM MDT
Minimum Bid:
$1 per acre
Total Lease Cost at Minimum Bid:
$1,009.20
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T10S, R3W, SLB&M
Sec. 9: SE¼
Sec. 10: SW¼
Sec. 15: W½W½
Sec. 21: NE¼, E½SW¼, W½SE¼
Sec. 22: SE¼
Lease Details
Lease Name
Utah Leasing Unit No. 48
County, State
Juab, UT
Legal Description
T10S, R3W, SLB&M
Sec. 9: SE¼
Sec. 10: SW¼
Sec. 15: W½W½
Sec. 21: NE¼, E½SW¼, W½SE¼
Sec. 22: SE¼
Gross Acres
960.00
Net Acres
960.00
Royalty
4%. 8%-fissionable
Lease Term
10 years
Application Fee
$30.00
Special Stipulation
PARTIAL OR NO SITLA SURFACE OWNERSHIP; GREATER SAGE GROUSE HABITAT CLAUSE
Lease 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 of $500.00 per lease unit, regardless of acreage, or $1.00 per acre, (fractional acre is rounded up to one full acre) whichever is greater. 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 Stipulation
PARTIAL OR NO SITLA SURFACE OWNERSHIP
LEASING UNIT CONTAINS PARTIAL OR NO SITLA SURFACE OWNERSHIP.
GREATER SAGE GROUSE HABITAT CLAUSE
MAY CONTAIN ACREAGE WITHIN A STATE MANAGED GREATER SAGE GROUSE HABITAT.
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.
Utah School and Institutional Trust Land Administration Points of Contact
Trust Lands Mineral Resource Specialist
Jerry Mansfield
Email
jmansfield@utah.gov
Office
(801) 538-5153
EnergyNet Points of Contact
VP of Government Lease Sales
Gus Rivero
Email
Gus.Rivero@energynet.com
Office
(806) 463-3616
Manager of Government Lease Sales
Brandon Savage
Email
Brandon.Savage@energynet.com
Office
(806) 463-3621
Government Lease Sales Analyst
Heather Fugger
Email
Heather.Fugger@energynet.com
Office
(806) 463-3619