Server Time (CDT): Mar. 29, 1:35:21a

Leasing Unit No. 43

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

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 43

Gross Acres:

827.00

Net Acres:

827.00

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:

$1,717.08
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 43

County, State

Juab, UT

Legal Description

T14S, R1W, SLB&M
Sec. 21: E½, NE¼NW¼, E½SW¼, SW¼SW¼
Sec. 25: Part of NE¼, Part of E½NW¼ [Metes & Bounds]
Sec. 27: NW¼, N½SW¼
Sec. 28: NE¼NE¼, NW¼NW¼

Gross Acres

827.00

Net Acres

827.00

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 25

Commencing at the SE corner of the N½ of the NE¼ of Section 25, Township 14 South, Range 1 West, Salt Lake Meridian; thence running West 56 rods; thence North 18 rods; thence East 56 rods; thence South 16 rods 8.5 feet to place of beginning, containing 6 acres, more or less. Also, commencing 143 rods East from the SW corner of the N½ of the NW¼ of Section 25, Township 14 South, Range 1 West, Salt Lake Meridian; running thence North 20.75 rods; thence East 41 rods; thence South 20 rods; thence West 1 rod 13 feet; thence South 64 rods 13 feet; thence West 40 rods 15 feet; thence North 64 rods 1 foot; thence East 1 rod 11.5 feet to the place of beginning, containing 21 acres, more or less. Total acreage is 27 acres, more or less.

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