Server Time (CDT): Mar. 28, 7:23:49a

Leasing Unit No. 36

Sevier County, UT
Utah SITLA - Over the Counter Lease Sale

AUCTION CANCELLED

Property Schedule

Due Diligence Began 8/28/2017
Bidding Started 9/7/2017
Bidding Ended 9/14/2017 9:35 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Lease:

Leasing Unit No. 36

Gross Acres:

640.00

Net Acres:

640.00

Time Remaining:

Auction has ended

Start Time:

9/7/2017 8:35 AM MDT / 9:35 AM CDT

End Time:

9/14/2017 8:35 AM MDT / 9:35 AM CDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$0.50

Total Cost at Starting Bid:

$1,335.60
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 36

County, State

Sevier, UT

Legal Description

T22S, R2W, SLB&M
Sec. 32: All

Gross Acres

640.00

Net Acres

640.00

Royalty

16.67%

Lease Term

5 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 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.

OFFSET ACTIVITY

Drilling Permits from the last 365 days in Sevier 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