Leasing Unit No. 19

Uintah County, UT
Utah SITLA - Re-Offering Lease Sale

SOLD

Property Schedule

Due Diligence Began 10/31/2018
Bidding Started 11/14/2018
Bidding Ended 11/21/2018 10:30 AM
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Leasing Unit No. 19
40.00
40.00
Auction has ended
11/14/2018 9:30 AM MST / 10:30 AM CST
11/21/2018 9:30 AM MST / 10:30 AM CST
-
$2/acre
$2/acre
$0.50
$111.60
(Bonus + Agency Fees + Buyer Premium)
Lease Details
Lease Name
Utah Leasing Unit No. 19
County, State
Uintah, UT
Legal Description
T15S, R24E, SLB&M
Sec. 27: SE¼NW¼
Gross Acres
40.00
Net Acres
40.00
Royalty
16.67%
Lease Term
5 Years
Application Fee
$30.00
Special Stipulation
PARTIAL OR NO SITLA SURFACE OWNERSHIP
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 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.

Special Stipulation

PARTIAL OR NO SITLA SURFACE OWNERSHIP

LEASING UNIT CONTAINS PARTIAL OR NO SITLA SURFACE OWNERSHIP.

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

Senior Research Analyst
Lisa Wells

Email
lisawells@utah.gov

Office
(801) 538-5154


Research Analyst
Aly Gold

Email
agold@utah.gov

Office
(801) 538-5159

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

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #1

11/21/2018 10:28:58 AM

$2

1