Server Time (CDT): Apr. 25, 3:13:54a

Lease Unit No. 95

Rich County, UT
Utah Over the Counter Lease Sale

AUCTION CANCELLED

Property Schedule

Due Diligence Began 1/23/2013
Bidding Started 2/21/2013
Bidding Ended 2/28/2013 3:50 PM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Lease:

Lease Unit No. 95

Gross Acres:

658.75

Net Acres:

658.75

Time Remaining:

Auction has ended

Start Time:

2/21/2013 2:50 PM MST / 3:50 PM CST

End Time:

2/28/2013 2:50 PM MST / 3:50 PM CST

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$0.50

Total Cost at Starting Bid:

$1,374.36
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Lease Unit No. 95

County, State

Rich, UT

Legal Description

T11N, R7E, SLB&M
Sec. 2: SW¼NW¼
Sec. 16: NW¼NW¼
Sec. 17: SW¼NE¼, SE¼NW¼
Sec. 36: Lots 4(40.17), 9(40.30), 10(40.54), 11(40.60), 13(40.84), 14(40.60), 15(40.42), 16(40.18), 17(1.25), 18(1.02), 19(2.60), 20(22.32), 21(34.65), 22(20.38), 23(32.94),24(22.72), 25(37.22) [All, Less Patent Mining Claims]

Gross Acres

658.75

Net Acres

658.75

Royalty

16 2/3%

Lease Term

5 Years

Application Fee

$30.00

Additional Information

Purchase price includes the lease bonus and 1st year rental. Buyer will be responsible for paying rental payment for years 2 through 5, to keep the lease in force.
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.
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