Server Time (CDT): Apr. 18, 7:18:50p

Leasing Unit No. 37

Grand County, UT
Utah SITLA - Oil, Gas & Associated Hydrocarbons

SOLD

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 37

Gross Acres:

674.08

Net Acres:

674.08

Time Remaining:

Auction has ended

Start Time:

10/8/2016 5:00 PM MDT / 6:00 PM CDT

End Time:

10/28/2016 5:00 PM MDT / 6:00 PM CDT

Minimum Bid:

$2 per acre

Total Lease Cost at Minimum Bid:

$1,407
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 37

County, State

Grand, UT

Legal Description

T20.5S, R18E, SLB&M
Sec. 32: Lots 1(48.74), 2(48.60), 3(48.44), 4(48.30), S½N½, S½ [All]

Gross Acres

674.08

Net Acres

674.08

Royalty

16.67%

Lease Term

5 Years

Application Fee

$30.00

Special Stipulation

Lands Within Wilderness Study Area. Located Within the Gunnison Valley O&G Unit

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.
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.
Special Stipulations
This Leasing Unit may contain acreage within an existing Bureau of Land Management ("BLM") Wilderness Study Area ("WSA"). A federal judicial decision provides that reasonable access to state trust lands within WSA’s must be granted by the BLM; however, the successful lessee will be required to apply for and obtain the appropriate easements from the BLM at their expense. Additionally, the successful lessee should be aware that the trust lands administration will not consent to lease term or annual rental suspensions on leases wholly or partially within existing or proposed WSA’s because of restrictions placed upon access or availability of surrounding BLM lands for leasing and/or operations.
This Leasing Unit contains acreage located within the Gunnison Valley Oil & Gas Unit.
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.
GIS Data
GIS data in the form of a shapefile is available for this lease sale. Click here to download.
Please be advised that the information contained herein is for REFERENCE USE ONLY and is not suitable for legal, engineering, or surveying purposes. Neither SITLA nor EnergyNet.com shall be liable for any direct, indirect or consequential damages to any party arising out of or in connection with the use of data contained herein.
Contact Information
SITLA
Ed Bonner
Trust Lands Mineral Resource Specialist
(801) 538-5151

Lisa Wells
Senior Research Analyst
(801) 538-5154

Aly Hale
Lease Analyst
(801) 538-5159
EnergyNet
John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122

Gus Rivero
Manager of Government Lease Sales
(806) 463-3616

Brandon Savage
Asst Manager of Government Lease Sales
(806) 463-3621