Property Information

Leasing Unit No. 2

Uintah County, UT

Utah SITLA - Re-Offering Lease Sale

SOLD

Property Schedule

Due Diligence Began 5/30/2019

Bidding Started 6/20/2019

Bidding Ended 6/27/2019 10:02 AM

Registration Status

Please log in as a buyer to view registration status.

Your Bid Status

You have not bid on this lot

Lease

Leasing Unit No. 2

Gross Acres

633.55

Net Acres

633.55

Time Remaining

Auction has ended

Start Time

6/20/2019 9:02 AM MDT / 10:02 AM CDT

End Time

6/27/2019 9:02 AM MDT / 10:02 AM CDT

Your Bid

Highest Bid

$2/acre

Starting Bid

$2/acre

Bid Increment

$0.50

Total Cost at Highest Bid

$1,323.36

(Bonus + Agency Fees + Buyer Premium)

Legal Description

T5S, R24E, SLB&M
Sec. 36: Lots 1(38.85), 2(37.63), 3(37.81), 4(39.26), N½, N½S½ [All]

Lease Details

Lease Name

Utah Leasing Unit No. 2

County, State

Uintah, UT

Legal Description

T5S, R24E, SLB&M
Sec. 36: Lots 1(38.85), 2(37.63), 3(37.81), 4(39.26), N½, N½S½ [All]

Gross Acres

633.55

Net Acres

633.55

Royalty

16.67%

Lease Term

5 Years

Application Fee

$30.00

Special Stipulation

Within the Greater Sage Grouse Occupied & Opportunity 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.