AUCTION CANCELLED
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. 28
Gross Acres:
726.62
Net Acres:
726.62
Time Remaining:
Auction has ended
Start Time:
10/24/2019 9:26 AM MDT / 10:26 AM CDT
End Time:
10/31/2019 9:26 AM MDT / 10:26 AM CDT
Your Bid:
-
Highest Bid:
-
Starting Bid:
$2/acre
Bid Increment:
$0.50
Total Cost at Starting Bid:
$1,513.08
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T12S, R9E, SLB&M
Sec. 19: Lots 1(43.27), 4(43.35), W½NE¼, E½NW¼, N½SE¼, SW¼SE¼ [Lots aka NW¼NW¼, SW¼SW¼]
Sec. 20: NE¼NE¼, SW¼NE¼, NE¼NW¼, SW¼NW¼, N½SE¼
Sec. 21: NE¼SW¼
Sec. 30: NW¼NE¼, SE¼NW¼
Lease Details
Lease Name
Leasing Unit No. 28
County, State
Carbon, UT
Legal Description
T12S, R9E, SLB&M
Sec. 19: Lots 1(43.27), 4(43.35), W½NE¼, E½NW¼, N½SE¼, SW¼SE¼ [Lots aka NW¼NW¼, SW¼SW¼]
Sec. 20: NE¼NE¼, SW¼NE¼, NE¼NW¼, SW¼NW¼, N½SE¼
Sec. 21: NE¼SW¼
Sec. 30: NW¼NE¼, SE¼NW¼
Gross Acres
726.62
Net Acres
726.62
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.
Special Stipulation
PARTIAL OR NO SITLA SURFACE OWNERSHIP
LEASING UNIT CONTAINS PARTIAL OR NO SITLA SURFACE OWNERSHIP.
Within Greater Sage Grouse Occupied & Opportunity Lands
LEASING UNIT MAY CONTAIN ACREAGE WITHIN A STATE MANAGED GREATER SAGE GROUSE HABITAT.
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