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Leasing Unit No. 51

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

SOLD

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 51

Gross Acres:

58.00

Net Acres:

58.00

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:

$148.32
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 51

County, State

Duchesne, UT

Legal Description

T1S, R7W, USM
Sec. 32: Part of W½SE¼NW¼, Part of W½NE¼SW¼ [Metes & Bounds]

Gross Acres

58.00

Net Acres

58.00

Royalty

16.67%

Lease Term

5 years

Application Fee

$30.00

Special Stipulation

Lands Partially Located Within the Greater Sage Grouse Opportunity Lands Area

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 32

Commencing at the NW corner of the SE4 of the NW4 of Section 32, Township 1 South, Range 7 West, Uintah Special Meridian; thence East 58 rods; thence South 160 rods; thence west 58 rods; thence North 160 rods to the point of beginning. Containing 58 acres, more or less.

SPECIAL STIPULATIONS

GREATER SAGE GROUSE HABITAT CLAUSE

MAY CONTAIN ACREAGE WITHIN A STATE MANAGED GREATER SAGE GROUSE HABITAT.

OFFSET ACTIVITY

Completions from the last 365 days in Duchesne County, Utah

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

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Drilling Rigs on location in Duchesne 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