Server Time (CDT): Mar. 28, 7:55:42a

Leasing Unit No. 65

Morgan/Summit
Utah Over the Counter Lease Sale

AUCTION CANCELLED

Property Schedule

Due Diligence Began 11/22/2016
Bidding Started 11/22/2016
Bidding Ended 12/1/2016 10:36 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Lease:

Leasing Unit No. 65

Gross Acres:

792.11

Net Acres:

792.11

Time Remaining:

Auction has ended

Start Time:

11/22/2016 9:36 AM MST / 10:36 AM CST

End Time:

12/1/2016 9:36 AM MST / 10:36 AM CST

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$0.50

Total Cost at Starting Bid:

$1,647.72
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Leasing Unit No. 65

County, State

Beaver, UT

Legal Description

T3N, R3E, SLB&M
Sec. 26: Lots 2(39.42), 3(39.42), 4(39.42), 5(39.45), 6(39.45), 7(39.45), 10(39.48), 11(39.48), 12(39.48), 13(39.52), 14(39.52), 15(39.52) [aka W½E½, W½]
Sec. 34: Lots 3(39.67), 4(39.67), 5(39.77), 6(39.77), 11(39.86), 12(39.86), 13(39.95), 14(39.95) [aka W½]

Gross Acres

792.11

Net Acres

792.11

Royalty

16.67%

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.
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 tract may contain acreage within a State Managed Greater Sage Grouse Habitat. To see the full Conservation Plan, click here. For more information regarding the Greater Sage Grouse, you can visit http://wildlife.utah.gov/learn-more/greater-sage-grouse.html
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