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Leasing Unit No. 13

Carbon County, UT
Utah SITLA - Oil, Gas & Associated Hydrocarbons, July 28, 2017

SOLD

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 13

Gross Acres:

485.67

Net Acres:

485.67

Time Remaining:

Auction has ended

Start Time:

6/28/2017 5:00 PM MDT / 6:00 PM CDT

End Time:

7/28/2017 5:00 PM MDT / 6:00 PM CDT

Minimum Bid:

$2 per acre

Total Lease Cost at Minimum Bid:

$1,021.44
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 13

County, State

Carbon, UT

Legal Description

T15S, R11E, SLB&M
Sec. 8: Part of SW¼NE¼, Part of SE¼NW¼, Part of NE¼SW¼, Part of NW¼SE¼ [Metes & Bounds]
Sec. 16: Lots 3(38.72), 4(38.77), N½NE¼, SE¼NE¼, NE¼NW¼, S½S½ [Lots aka N½SW¼]

Gross Acres

485.67

Net Acres

485.67

Royalty

16.67%

Lease Term

5 Years

Application Fee

$30.00

Special Stipulation

Lands Partially Located Within the Dragon O&G Unit

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. Click here to view lease form.

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.

METES AND BOUNDS

SECTION 8

Beginning at a point 394 feet North of the SE corner of the NW¼ of the SE¼ of Section 8, Township 15 South, Range 11 East, Salt Lake Meridian, and running thence North 2246 feet; thence West 160 rods; thence South 950 feet to North line of D. & R. G. Railroad right-of-way; thence Southeasterly along said right-of-way to the place of beginning, excepting, however, therefrom the right-of-way of the Railroad Company, containing in all 89 acres, more or less. Excepting that parcel described as follows: Commencing at the NW corner of the SE¼ of the NW¼ of Section 8, Township 15 South, Range 11 East, Salt Lake Meridian; thence running East 2180 feet; thence South 16.5 feet; thence West 2180 feet; thence North 16.5 feet to beginning, containing 0.82 acres, more or less. Containing a total acreage of 88.18 acres, more or less.

SPECIAL STIPULATIONS

O&G UNITIZED AREA

CONTAINS ACREAGE LOCATED WITHIN THE Dragon OIL & GAS UNIT.

OFFSET ACTIVITY

Drilling Permits from the last 365 days in Carbon County, Utah

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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 bid amount, will be added to the cost of this lease.


CONTACT INFORMATION


SITLA

David Alldredge
Trust Lands Mineral Resource Specialist
(801) 538-5157
Email: dalldredge@utah.gov

Lisa Wells
Senior Research Analyst
(801) 538-5154
Email: lisawells@utah.gov

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