EnergyNet - Property Information for Lot 37505;

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 68

Gross Acres:

1,125.59

Net Acres:

1,125.59

Time Remaining:

Auction has ended

Start Time:

11/22/2016 9:42 AM MST / 10:42 AM CST

End Time:

12/1/2016 9:42 AM MST / 10:42 AM CST

Your Bid:

Highest Bid:

$2/acre

Starting Bid:

$2/acre

Bid Increment:

$0.50

Total Cost at Highest Bid:

$2,327.04
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

T3N, R6E, SLB&M
Sec. 4: Lot 3(39.09), SE¼NW¼, SE¼SE¼ [Lot aka NE¼NW¼]
Sec. 10: SE¼NE¼, NW¼, W½SE¼
Sec. 14: NW¼NE¼
Sec. 26: SE¼NW¼, Part of NE¼SW¼, NW¼SW¼, Part of SW¼SW¼ [Metes & Bounds]
Sec. 30: W½NE¼, NE¼SW¼, NW¼SE¼
Sec. 34: E½NE¼
Sec. 36: S½NW¼, SW¼, S½SE¼

Lease Details

Lease Name

Leasing Unit No. 68

County, State

Summit, UT

Legal Description

Gross Acres

1,125.59

Net Acres

1,125.59

Royalty

16.67%

Lease Term

5 Years

Application Fee

$30.00

Additional Information

Section 26, Metes and Bounds

Township 3 North, Range 6 East, Section 26, Salt Lake Meridian, SEÂ¼NWÂ¼, NWÂ¼SWÂ¼ and the following Metes & Bounds located in the NEÂ¼SWÂ¼, SWÂ¼SWÂ¼:

Beginning at the SW corner of Section 26, Township 3 North, Range 6 East, Salt Lake Meridian; and running thence North 20 chains; thence East 13.75 chains; thence South 20 chains; thence West 13.75 chains to the point of beginning, containing 27.50 acres, more or less.
And beginning at the NE corner of the SWÂ¼ of Section 26, Township 3 North, Range 6 East, Salt Lake Meridian; and running thence West 80 rods; thence South 48 rods 14 feet; thence Easterly on a direct line 81 rods, more or less, to a point 30 rods 14 feet South from the point of beginning, thence North 30 rods 14 feet to the place of beginning,containing 19 acres, more or less. Containing a total acreage of 126.50 acres, more or less.

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 Â§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

edbonner@utah.gov

Lisa Wells

Senior Research Analyst

(801) 538-5154

lisawells@utah.gov

Aly Hale

Lease Analyst