Property Information

Leasing Unit No. 20

Carbon County, UT

Utah SITLA - Re-Offering Lease Sale

AUCTION CANCELLED

Property Schedule

Due Diligence Began 9/27/2019

Bidding Started 10/24/2019

Bidding Ended 10/31/2019 10:10 AM

Registration Status

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Your Bid Status

You have not bid on this lot

Lease

Leasing Unit No. 20

Gross Acres

720.00

Net Acres

720.00

Time Remaining

Auction has ended

Start Time

10/24/2019 9:10 AM MDT / 10:10 AM CDT

End Time

10/31/2019 9:10 AM MDT / 10:10 AM CDT

Your Bid

Highest Bid

Starting Bid

$2/acre

Bid Increment

$0.50

Total Cost at Starting Bid

$1,498.80

(Bonus + Agency Fees + Buyer Premium)

Legal Description

T12S, R8E, SLB&M
Sec. 17: NE¼SE¼
Sec. 19: S½NE¼, W½SE¼
Sec. 20: NW¼NE¼, W½SW¼, E½SE¼
Sec. 21: NE¼NE¼, NW¼NW¼, W½SE¼
Sec. 22: NW¼NW¼, S½SW¼, NE¼SE¼

Lease Details

Lease Name

Leasing Unit No. 20

County, State

Carbon, UT

Legal Description

T12S, R8E, SLB&M
Sec. 17: NE¼SE¼
Sec. 19: S½NE¼, W½SE¼
Sec. 20: NW¼NE¼, W½SW¼, E½SE¼
Sec. 21: NE¼NE¼, NW¼NW¼, W½SE¼
Sec. 22: NW¼NW¼, S½SW¼, NE¼SE¼

Gross Acres

720.00

Net Acres

720.00

Royalty

16.67%

Lease Term

5 Years

Application Fee

$30.00

Special Stipulation

No SITLA Surface Ownership; Greater Sage Grouse Habitat

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.