Lease Unit No. 52

Grand County, UT
Utah Over the Counter Lease Sale

SOLD

Property Schedule

Due Diligence Began 10/27/2014
Bidding Started 11/18/2014
Bidding Ended 11/25/2014 2:25 PM
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Lease Unit No. 52
640.00
640.00
Auction has ended
11/18/2014 1:25 PM MST / 2:25 PM CST
11/25/2014 1:25 PM MST / 2:25 PM CST
-
$2.50/acre
$2/acre
$0.50
$1,662
(Bonus + Agency Fees + Buyer Premium)
T21S, R25E, SLB&M
Sec. 32: All
Lease Details
Lease Name
Lease Unit No. 52
County, State
Grand, UT
Legal Description
T21S, R25E, SLB&M
Sec. 32: All
Gross Acres
640.00
Net Acres
640.00
Royalty
16 2/3%
Lease Term
5 Years
Application Fee
$30.00
Additional Information
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.
Purchase price includes the lease bonus and 1st year rental. Buyer will be responsible for paying rental payment for years 2 through 5.
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Grand County, Utah, Drilling Permits from the last 180 days. Source: DrillingInfo.

Drilling Rig on Location in Grand County, Utah. Source: DrillingInfo.
Bid History (Top 10)

Bidder

Placed

Amount

Bidder #10

11/25/2014 2:24:57 PM

$2.50

Bidder #9

11/25/2014 10:09:14 AM

$2