SOLD
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. 58
Gross Acres:
640.00
Net Acres:
640.00
Time Remaining:
Auction has ended
Start Time:
9/19/2019 10:12 AM MDT / 11:12 AM CDT
End Time:
9/26/2019 10:12 AM MDT / 11:12 AM CDT
Your Bid:
-
Highest Bid:
$2/acre
Starting Bid:
$2/acre
Bid Increment:
$0.50
Total Cost at Highest Bid:
$1,335.60
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T20S, R23E, SLB&M
Sec. 32: All
Lease Details
Lease Name
Leasing Unit No. 58
County, State
Grand, UT
Legal Description
T20S, R23E, SLB&M
Sec. 32: All
Gross Acres
640.00
Net Acres
640.00
Royalty
16.67%
Lease Term
5 Years
Application Fee
$30.00
Special Stipulation
Archaeology
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 bid of $500.00 per leasing unit or $2.00 per acre, whichever is greater, covering the first year's annual rental. Fractional acres are rounded up to one full acre. 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
ARCHAEOLOGY AREA CLAUSE
LEASING UNIT CONTAINS OR IS ADJACENT TO 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
EnergyNet Points of Contact
VP, Government Resources
Gus Rivero
Email
Gus.Rivero@energynet.com
Office
(806) 463-3616
Managing Director, Government Resources
Brandon Savage
Email
Brandon.Savage@energynet.com
Office
(806) 463-3621
Transaction Manager
Heather Fugger
Email
Heather.Fugger@energynet.com
Office
(806) 463-3619
Global Markets Strategic Analyst
Anastasia Rademaekers
Email
Anastasia.Rademaekers@energynet.com
Office
(806) 463-3635
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #5
9/26/2019 11:06:48 AM
$2