SOLD
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit 34
Gross Acres:
426.71
Net Acres:
426.71
Time Remaining:
Auction has ended
Start Time:
10/7/2022 5:00 PM MDT / 6:00 PM CDT
End Time:
10/21/2022 5:00 PM MDT / 6:00 PM CDT
Minimum Bid:
$1.18 per acre
Total Lease Cost at Minimum Bid:
$543.94
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T36S, R17W, SLB&M
Sec. 2: LOTS 9(40.00), 10(40.00), 11(40.00), 12(40.00), 13(40.00), 25(35.53), 26(40.19), 27(9.57), 28(10.35), 29(32.30), 30(18.92), 31(39.85), SW4SW4 [LOTS AKA FAR N2 OF N2, FAR N2 OF N2S2, FAR N2 OF SW4SW4, PART OF SE4NE4, PART OF SE4SW4, PART OF SE4]
Lease Details
Lease Name
Leasing Unit 34
County, State
Iron, UT
Legal Description
T36S, R17W, SLB&M
Sec. 2: LOTS 9(40.00), 10(40.00), 11(40.00), 12(40.00), 13(40.00), 25(35.53), 26(40.19), 27(9.57), 28(10.35), 29(32.30), 30(18.92), 31(39.85), SW4SW4 [LOTS AKA FAR N2 OF N2, FAR N2 OF N2S2, FAR N2 OF SW4SW4, PART OF SE4NE4, PART OF SE4SW4, PART OF SE4]
Gross Acres
426.71
Net Acres
426.71
Royalty
4%. 8%-fissionable
Lease Term
10 years
Application Fee
$30.00
Special Stipulation
Greater Sage Grouse
Special Stipulation
GREATER SAGE GROUSE HABITAT
LEASING UNIT MAY CONTAIN ACREAGE WITHIN A STATE MANAGED 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 ยง63G-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.
Utah School and Institutional Trust Land Administration Point of Contact
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.
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