UT-2023-12-7672

Uintah County, UT
BLM Utah Federal Oil & Gas Lease Sale, December 12, 2023

SOLD

Property Schedule

Due Diligence Began 8/24/2023
Bidding Started 12/12/2023
Bidding Ended 12/12/2023 10:30 AM
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UT-2023-12-7672
761.36
Auction has ended
12/12/2023 9:00 AM MST / 10:00 AM CST
12/12/2023 9:30 AM MST / 10:30 AM CST
-
$118/acre
$10/acre
$1
$93,745.74
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
UT-2023-12-7672
County, State
Uintah, UT
Legal Description
T. 12 S., R. 22 E., SALT LAKE,
Sec. 3 LOTS 1-4, S2NE, S2NW, SW, N2SE, SESE;
Sec. 8 N2SE;
Sec. 9 N2NE;
Acres
761.36
Rental (1st Year)
$2,286.00
Royalty
16.67%
Administrative Fee
$195.00
Expression of Interest
UT00018370
Serial Number
UTUT106311061
Lease Terms and Conditions

All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.

A lease issued as a result of this sale will have a primary term of 10 years. It will continue beyond its primary term as long as oil or gas in paying quantities is produced on or for the benefit of the lease. Rental at $3.00 per acre for the first 2 years, $5.00 per acre for years 3 thru 8, and $15.00 per acre thereafter is due on or before the anniversary date with the first year's rental paid to the BLM and subsequent payments paid to the Office of Natural Resources Revenue (ONRR) each year until production begins.

The royalty rate that applies to the lands offered in this lease sale is a fixed 16.67 percent. Once a lease is producing, you must pay a royalty of 16.67 percent (or as the lease is amended) of the value or the amount of production removed or sold from the lease. You will find other lease terms on the standard lease form. (Form 3100-011, March 2023).

Stipulations

Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations. They are requirements or restrictions on how you conduct operations.

They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • HQ-CR-1 BLM Stipulation for Cultural Resource Protection
  • HQ-MLA-1 BLM Stipulation for Notice to Lessee Concerning Mineral Leasing Act Section 2(a)(2)(A)
  • HQ-TES-1 BLM Stipulation for Threatened and Endangered Species Act
  • UT-S-01 BLM Stipulation for Air Quality
  • UT-S-VFO-96 BLM Stipulation NSO for Fragile Soils/Slopes Greater than 40 Percent
  • UT-S-VFO-99 BLM Stipulation CSU for Fragile Soils/Slopes
  • UT-S-VFO-100 BLM Stipulation CSU for Fragile Soils/Slopes 21-40 Percent
  • UT-S-VFO-123 BLM Stipulation NSO for Riparian, Floodplains, and Public Water Reserves
  • UT-S-VFO-157 BLM Stipulation NSO for Visual Resources
  • UT-S-VFO-195 BLM Stipulation NSO for Greater Sage-Grouse Leks
  • UT-S-VFO-205 BLM Stipulation TL for Greater Sage-Grouse Brood Rearing and Nesting
  • UT-S-VFO-206 BLM Stipulation CSU for Greater Sage-Grouse - Noise Reduction
  • UT-S-VFO-207 BLM Stipulation CSU for Greater Sage-Grouse - Structures
  • T&E-03 BLM Lease Notice LN for Endangered Fish of the Upper Colorado River Drainage Basin
  • T&E-05 BLM Lease Notice LN for Listed Plant Species
  • T&E-06 BLM Lease Notice LN for Mexican Spotted Owl
  • UT-LN-44 BLM Lease Notice LN for Raptors
  • UT-LN-45 BLM Lease Notice LN for Migratory Bird
  • UT-LN-49 BLM Lease Notice LN for Utah Sensitive Species
  • UT-LN-51 BLM Lease Notice LN for Special Status Plants: Not Federally Listed
  • UT-LN-52 BLM Lease Notice LN for Noxious Weeds
  • UT-LN-56 BLM Lease Notice LN for Drinking Water Source Protection Zone
  • UT-LN-72 BLM Lease Notice LN for High Potential Paleontological Resources
  • UT-LN-83 BLM Lease Notice LN for Site Rights-of-Way
  • UT-LN-90 BLM Lease Notice LN for Graham's Beardtongue (penstemon grahamii)
  • UT-LN-96 BLM Lease Notice LN for Air Quality Mitigation Measures
  • UT-LN-99 BLM Lease Notice LN for Regional Ozone Formation Controls
  • UT-LN-102 BLM Lease Notice LN for Air Quality Analysis
  • UT-LN-128 BLM Lease Notice LN for Floodplain Management
  • UT-LN-131 BLM Lease Notice LN for Greater Sage-Grouse Net Conservation Gain
  • UT-LN-132 BLM Lease Notice LN for Greater Sage-Grouse Required Design Features
  • UT-LN-133 BLM Lease Notice LN for Greater Sage-Grouse Buffer
  • UT-LN-134 BLM Lease Notice LN for Graham's Beardtongue (penstemon grahamii) & White River Beardtongue (p. scariosus var. albifluvis) Conservation Area
  • UT-LN-156 BLM Lease Notice LN for Pollinators and Pollinator Habitat
Successful Bidder Notification and Buyer Premium

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

On the day of the sale, you must pay at least the minimum bonus bid of $10 per acre or fraction of an acre; the first year's advance rental of $3 per acre or fraction of an acre; and a non-refundable administrative fee of $195, to the BLM State Office by the close of business.

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

BLM Utah Contact Information
EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (All)

Bidder

Placed

Amount

Bidder #544

12/12/2023 10:29:55 AM

$118

Bidder #777

12/12/2023 10:29:41 AM

$117

Bidder #839

12/12/2023 10:29:51 AM

$73

Bidder #777

12/12/2023 10:29:41 AM

$54

Bidder #769

12/12/2023 10:29:49 AM

$53

Bidder #777

12/12/2023 10:29:41 AM

$52

Bidder #839

12/12/2023 10:06:11 AM

$51

Bidder #769

12/12/2023 10:29:40 AM

$43

Bidder #839

12/12/2023 10:06:11 AM

$42

Bidder #769

12/12/2023 10:29:30 AM

$41

Bidder #839

12/12/2023 10:06:11 AM

$40

Bidder #769

12/12/2023 10:29:27 AM

$39

Bidder #839

12/12/2023 10:06:11 AM

$38

Bidder #769

12/12/2023 10:29:20 AM

$37

Bidder #839

12/12/2023 10:06:11 AM

$36

Bidder #142

12/12/2023 10:29:08 AM

$35

Bidder #839

12/12/2023 10:06:11 AM

$31

Bidder #142

12/12/2023 10:09:53 AM

$30

Bidder #839

12/12/2023 10:06:11 AM

$10

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