AUCTION CANCELLED
Registration Status:
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Your Bid Status:
You have not bid on this lot
Lease:
Leasing Unit No. 45
Gross Acres:
1,023.55
Net Acres:
1,023.55
Time Remaining:
Auction has ended
Start Time:
7/5/2017 8:25 AM MDT / 9:25 AM CDT
End Time:
7/12/2017 8:25 AM MDT / 9:25 AM CDT
Your Bid:
-
Highest Bid:
-
Starting Bid:
$2/acre
Bid Increment:
$0.50
Total Cost at Starting Bid:
$2,118.96
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T9N, R6E, SLB&M
Sec. 30: Part of Tract 47 [aka Part of S½S½SW¼, Part of S½SW¼SE¼]
Sec. 31: Part of Tract 47 [aka Part of W½NE¼, Part of W½]
Sec. 32: All
Lease Details
Lease Name
Utah Leasing Unit No. 45
County, State
Rich, UT
Legal Description
T9N, R6E, SLB&M
Sec. 30: Part of Tract 47 [aka Part of S½S½SW¼, Part of S½SW¼SE¼]
Sec. 31: Part of Tract 47 [aka Part of W½NE¼, Part of W½]
Sec. 32: All
Gross Acres
1,023.55
Net Acres
1,023.55
Royalty
16.67%
Lease Term
5 Years
Application Fee
$30.00
Special Stipulation
Within the Greater Sage Grouse Occupied Lands
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 minimum $2.00 per acre and for each fractional part of an acre (fractional acre is rounded up to one full acre) which includes the first years annual rental, unless otherwise noted.
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
SAGE GROUSE HABITAT CLAUSE
MAY CONTAIN ACREAGE WITHIN A STATE MANAGED GREATER SAGE GROUSE HABITAT.
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
Ed Bonner
Trust Lands Mineral Resource Specialist
(801) 538-5151
Email: edbonner@utah.gov
Lisa Wells
Senior Research Analyst
(801) 538-5154
Email: lisawells@utah.gov
Aly Hale
Research Analyst
(801) 538-5159
Email: ahale@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