Property Information

Leasing Unit No. 42

Iron County, UT

Utah SITLA - Oil, Gas & Associated Hydrocarbons, April 26, 2019

AUCTION CANCELLED

Registration Status

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Your Bid Status

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Lease

Leasing Unit No. 42

Gross Acres

671.44

Net Acres

671.44

Time Remaining

Auction has ended

Schedule Status

Bids Due:
April 26th, 2019
6:00 PM CDT / 5:00 PM MDT

Minimum Bid

$2 per acre

Total Lease Cost at Minimum Bid

$1,400.88

(Bonus + Agency Fees + Buyer Premium)

Legal Description

T33S, R11W, SLB&M
Sec. 2: Lots 1(47.87), 2(47.87), 3(47.85), 4(47.85), S½N½, S½ [All]

Lease Details

Lease Name

Utah Leasing Unit No. 42

County, State

Iron, UT

Legal Description

T33S, R11W, SLB&M
Sec. 2: Lots 1(47.87), 2(47.87), 3(47.85), 4(47.85), S½N½, S½ [All]

Gross Acres

671.44

Net Acres

671.44

Royalty

12.50%

Lease Term

5 Years

Application Fee

$30.00

Special Stipulation

Within the Greater Sage Grouse Occupied Lands

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.