Server Time (CDT): Apr. 19, 2:35:28a

Leasing Unit No. 98

Millard County, UT
Utah SITLA - Geothermal Energy

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 98

Gross Acres:

595.08

Net Acres:

595.08

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:

$10 per acre

Total Lease Cost at Minimum Bid:

$6,109.20
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

T25S, R7W, SLB&M
Sec. 24: Lots 2(35.33), 3(39.75), W½SE¼ [Lots aka E½SE¼]
Sec. 25: S½NW¼, N½SW¼, SW¼SW¼
Sec. 36: NW¼, W½SW¼

Lease Details

Lease Name

Utah Leasing Unit No. 98

County, State

Millard, UT

Legal Description

T25S, R7W, SLB&M
Sec. 24: Lots 2(35.33), 3(39.75), W½SE¼ [Lots aka E½SE¼]
Sec. 25: S½NW¼, N½SW¼, SW¼SW¼
Sec. 36: NW¼, W½SW¼

Gross Acres

595.08

Net Acres

595.08

Royalty

electricity-2.25% yr 1-5. 3.5% yr 6-on. Use/sale-10%.

Lease Term

10 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.
The Applicant offers a minimum bid of $10.00 per acre and for each fractional part of an acre (fractional acres are rounded up to one full acre) which includes the first years annual rental of $1.00 per acre and the first years advanced minimum royalty of $5.00 per acre (fractional acre are rounded up to one full acre).
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.
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
Jerry Mansfield
Trust Lands Mineral Resource Specialist
(801) 538-5153

 
 
 
 

 
 
 
 
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