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Leasing Unit 3

Sevier County, UT
Utah SITLA - Oil, Natural Gas, and Associated Hydrocarbons Lease Sale, January 20, 2023

AUCTION CANCELLED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Please log in as a buyer in order to bid.

Lease:

Leasing Unit 3

Gross Acres:

160.00

Net Acres:

160.00

Time Remaining:

Auction has ended

Start Time:

1/6/2023 9:00 AM MST / 10:00 AM CST

End Time:

1/20/2023 5:00 PM MST / 6:00 PM CST

Minimum Bid:

$3.13 per acre

Total Lease Cost at Minimum Bid:

$540.82
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Leasing Unit 3

County, State

Sevier, UT

Legal Description

T.22S, R.2W, SLB&M
Sec 25: SW4NW4
Sec 26: SE4NE4
Sec 26: SE4SW4, SW4SE4

Gross Acres

160.00

Net Acres

160.00

Royalty

16.67%

Lease Term

5 Years

Application Fee

$30.00

Special Stipulation

Partial or No Surface

Special Stipulation

PARTIAL OR NO SITLA SURFACE OWNERSHIP

LEASING UNIT CONTAINS PARTIAL OR NO SITLA SURFACE OWNERSHIP.

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 minimum $2.00 per acre and for each fractional part of an acre (fractional acre is rounded up to one full acre), which includes the first years annual rental, unless otherwise noted. Horizontal Pugh Clause included in lease. 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

Lease Manager
Dorothy Taylor

Email
dataylor@utah.gov

Office
(801) 538-5161

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.

EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488