Server Time (CDT): Mar. 29, 9:43:39a

Leasing Unit No. 77

Box Elder County, UT
Utah SITLA - Phosphate

SOLD

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 77

Gross Acres:

2,566.40

Net Acres:

2,566.40

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:

$4 per acre

Total Lease Cost at Minimum Bid:

$10,503.36
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 77

County, State

Box Elder, UT

Legal Description

T7N, R12W, SLB&M
Sec. 16: All
T8N, R12W, SLB&M
Sec. 2: Lots 1(41.30), 2(41.50), 3(41.70), 4(41.90), S½N½, S½ [All]
Sec. 16: All
Sec. 32: All

Gross Acres

2,566.40

Net Acres

2,566.40

Royalty

5%

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 bid of $4.00 per acre and for each fractional part of an acre (fractional acre is rounded up to one full acre). The minimum bid shall apply to the first year annual lease rental of $1.00 per acre and to the first years annual advanced minimum royalty of $3.00 per acre.

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