Server Time (CDT): Mar. 29, 1:36:27a

Leasing Unit No. 51

Emery County, UT
Utah SITLA - Metalliferous Minerals

AUCTION CANCELLED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Please log in as a buyer in order to bid.

Lease:

Leasing Unit No. 51

Gross Acres:

639.44

Net Acres:

639.44

Time Remaining:

Auction has ended

Start Time:

3/22/2017 5:00 PM MDT / 6:00 PM CDT

End Time:

4/21/2017 5:00 PM MDT / 6:00 PM CDT

Minimum Bid:

$1 per acre

Total Lease Cost at Minimum Bid:

$682.80
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 51

County, State

Emery, UT

Legal Description

T25S, R11E, SLB&M
Sec. 2: Lots 1(39.86), 2(39.86), 3(39.86) 4(39.86), S½N½, S½ [All]

Gross Acres

639.44

Net Acres

639.44

Royalty

4%. 8%-fissionable

Lease Term

10 years

Application Fee

$30.00

Special Stipulation

Lands Within Wilderness Study Area

Additional Information

TERMS AND CONDITIONS

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 of $500.00 per lease unit, regardless of acreage, or $1.00 per acre, (fractional acre is rounded up to one full acre) whichever is greater.

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

WILDERNESS STUDY AREA (WSA)

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.

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.

BUYER PREMIUM

A 2% Buyer Premium, calculated as 2% of the total bonus, will be added to the cost of this lease.


CONTACT INFORMATION


SITLA

Jerry Mansfield
Trust Lands Mineral Resource Specialist
(801) 538-5153
Email: jmansfield@utah.gov

EnergyNet

John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122
Email: John.Munroe@energynet.com

Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com

Brandon Savage
Asst Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com