AUCTION CANCELLED
Registration Status:
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Your Bid Status:
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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:
T25S, R11E, SLB&M
Sec. 2: Lots 1(39.86), 2(39.86), 3(39.86) 4(39.86), S½N½, S½ [All]
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 WSAâS 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 WSAâS 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