Server Time (CDT): Mar. 29, 6:07:44a

Leasing Unit No. 8

Emery County, UT
Utah SITLA - Oil, Gas & Associated Hydrocarbons, October 27, 2017

SOLD

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Please log in as a buyer in order to bid.

Lease:

Leasing Unit No. 8

Gross Acres:

72.00

Net Acres:

72.00

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:

$176.88
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 8

County, State

Emery, UT

Legal Description

T17S, R9E, SLB&M
Sec. 7: Part of S½SE¼NE¼, Part of E½SE¼ [Metes & Bounds]

Gross Acres

72.00

Net Acres

72.00

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.

METES AND BOUNDS

SECTION 7

Beginning at the NE corner of the SE¼ of the SE¼ of Section 7, Township 17 South, Range 9 East of the Salt Lake Base and Meridian; thence North 110 rods; thence West 71 rods; thence South 110 rods; thence West 9 rods; thence South 68 rods; thence East 20 rods; thence North 28 rods; thence East 60 rods; thence North 40 rods; to the place of beginning, containing in all 72 acres, more or less.

OFFSET ACTIVITY

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

Click here to view full screen
Click here to view full screen

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