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Leasing Unit No. 33

Carbon County, UT
Utah SITLA - Oil, Gas & Associated Hydrocarbons, April 27, 2018

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 33

Gross Acres:

350.65

Net Acres:

350.65

Time Remaining:

Auction has ended

Schedule Status:

Bids Due:
April 27th, 2018
6:00 PM CDT / 5:00 PM MDT

Minimum Bid:

$2 per acre

Total Lease Cost at Minimum Bid:

$746.04
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 33

County, State

Carbon, UT

Legal Description

T13S, R13E, SLB&M
Sec. 23: Lots 7(25.74), 8(25.74), 9(25.74) [aka Part of NE¼SW¼, Part of N½SE¼]
Sec. 24: Lot 3 [Part of NW¼SW¼]
Sec. 26: SE¼NE¼
Sec. 35: E½NE¼, N½SW¼, SW¼SE¼

Gross Acres

350.65

Net Acres

350.65

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 Carbon 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.

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

Lisa Wells
Senior Research Analyst
(801) 538-5154
Email: lisawells@utah.gov

Aly Gold
Research Analyst
(801) 538-5159
Email: agold@utah.gov

EnergyNet

Gus Rivero
VP of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com

Brandon Savage
Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com

Heather Fugger
Government Lease Sales Analyst
(806) 463-3619
Email: Heather.Fugger@energynet.com