Leasing Unit # 14

Millard County, UT
Utah SITLA - Metalliferous Minerals, October 23, 2020

AUCTION CANCELLED

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Leasing Unit # 14
640.00
640.00
Auction has ended
10/9/2020 5:00 PM MDT / 6:00 PM CDT
10/23/2020 5:00 PM MDT / 6:00 PM CDT
$1 per acre
$682.80
(Bonus + Agency Fees + Buyer Premium)
Lease Details
Lease Name
Leasing Unit # 14
County, State
Millard, UT
Legal Description
T20S, R17W, SLB&M
Sec. 16 ALL
Gross Acres
640.00
Net Acres
640.00
Royalty
4%. 8%-fissionable
Lease Term
10 Years
Application Fee
$30.00
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 of $500.00 per lease unit, regardless of acreage, or $1.00 per acre, (fractional acre is rounded up to one full acre) whichever is greater. 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.

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 Point of Contact

Trust Lands Mineral Resource Specialist
Jerry Mansfield

Email
jmansfield@utah.gov

Office
(801) 538-5153

EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

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