Server Time (CDT): Mar. 28, 1:14:10p

Leasing Unit No. 56

Tooele County, UT
Utah SITLA - Metalliferous Minerals

SOLD

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. 56

Gross Acres:

646.91

Net Acres:

646.91

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:

$689.94
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 56

County, State

Tooele, UT

Legal Description

T4S, R5W, SLB&M
Sec. 36: Lots 4(16.00), 5(35.10), 6(35.10) [aka NW¼NW¼, Part of SW¼NW¼, Part of NW¼SW¼]
T5S, R5W, SLB&M
Sec. 2: Lots 1(51.64), 2(44.39), 3(37.65), 4(70.71), 5(9.29), 6(42.37), 7(35.61), 8(28.36), 9(40.00), 11(0.69), SE¼NE¼, SE¼ [Lots aka N½NE¼, SW¼NE¼, Part of NW¼NW¼NW¼, E½NW¼, SW¼]

Gross Acres

646.91

Net Acres

646.91

Royalty

4%. 8%-fissionable

Lease Term

10 years

Application Fee

$30.00

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.

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