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Leasing Unit No. 85

Millard County, UT
Utah SITLA - Gemstone & Fossil, April 27, 2018

SOLD

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 85

Gross Acres:

80.00

Net Acres:

80.00

Time Remaining:

Auction has ended

Schedule Status:

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

Minimum Bid:

$21.25 per acre

Total Lease Cost at Minimum Bid:

$1,764
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 85

County, State

Millard, UT

Legal Description

T21S, R13W, SLB&M
Sec. 32: NW¼NE¼, NE¼NW¼

Gross Acres

80.00

Net Acres

80.00

Royalty

Greater of 10% or $300.00 per ton

Lease Term

10 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 a minimum bid of $500.00 or $10.00 per acre, (fractional acre is rounded up to one full acre) which ever is greater, as well as $900.00 as an annual advanced minimum royalty payment.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.

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

Jerry Mansfield
Trust Lands Mineral Resource Specialist
(801) 538-5153
Email: jmansfield@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