SOLD
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit No. 17
Gross Acres:
721.88
Net Acres:
721.88
Time Remaining:
Auction has ended
Schedule Status:
Bids Due:
January 25th, 2019
6:00 PM CST / 5:00 PM MST
Minimum Bid:
$2 per acre
Total Lease Cost at Minimum Bid:
$1,502.88
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T39S, R22E, SLB&M
Sec. 2: Lots 1(40.76), 2(40.57), 3(40.37), 4(40.18), S½N½, S½ [All]
Sec. 12: E½NE¼
Lease Details
Lease Name
Utah Leasing Unit No. 17
County, State
San Juan, UT
Legal Description
T39S, R22E, SLB&M
Sec. 2: Lots 1(40.76), 2(40.57), 3(40.37), 4(40.18), S½N½, S½ [All]
Sec. 12: E½NE¼
Gross Acres
721.88
Net Acres
721.88
Royalty
16.67%
Lease Term
5 Years
Application Fee
$30.00
Special Stipulation
SITLA Partial Surface Ownership &Archaeology Site Area 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 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.
ARCHAEOLOGY AREA CLAUSE
CONTAINS SOME ARCHAEOLOGICAL SITES; WITH A FAIRLY HIGH PROBABILITY THAT ADDITIONAL SITES COULD EXIST.
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