SOLD
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit No. 7
Gross Acres:
836.37
Net Acres:
836.37
Time Remaining:
Auction has ended
Start Time:
10/12/2017 5:00 PM MDT / 6:00 PM CDT
End Time:
10/27/2017 5:00 PM MDT / 6:00 PM CDT
Minimum Bid:
$2 per acre
Total Lease Cost at Minimum Bid:
$1,737.48
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T17S, R9E, SLB&M
Sec. 6: Lots 1(40.17), 2(40.13), 3(40.07), 4(38.43), 5(38.38), 6(39.37), 7(39.86), S½NE¼, SE¼NW¼, E½SW¼, W½SE¼, SE¼SE¼ [Lots aka N½N½, SW¼NW¼, W½SW¼] [Royalty Rate 12.5% Per Exchange 205]
Sec. 7: Lot 1(39.96), N½NE¼, SW¼NE¼, E½NW¼ [Lot aka NW¼NW¼] [Royalty Rate 12.5% Per Exchange 205]
Lease Details
Lease Name
Utah Leasing Unit No. 7
County, State
Emery, UT
Legal Description
T17S, R9E, SLB&M
Sec. 6: Lots 1(40.17), 2(40.13), 3(40.07), 4(38.43), 5(38.38), 6(39.37), 7(39.86), S½NE¼, SE¼NW¼, E½SW¼, W½SE¼, SE¼SE¼ [Lots aka N½N½, SW¼NW¼, W½SW¼] [Royalty Rate 12.5% Per Exchange 205]
Sec. 7: Lot 1(39.96), N½NE¼, SW¼NE¼, E½NW¼ [Lot aka NW¼NW¼] [Royalty Rate 12.5% Per Exchange 205]
Gross Acres
836.37
Net Acres
836.37
Royalty
12.50%
Lease Term
5 years
Application Fee
$30.00
Special Stipulation
Specified Royalty Rate
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 $2.00Â 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.
SPECIAL STIPULATIONS
OG&AH SPECIFIED ROYALTY RATE
IS OFFERED AT 12.50% ROYALTY RATE.
OFFSET ACTIVITY
Drilling Permits from the last 365 days in Emery County, Utah
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.
Payment must be made within two business days.
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