AUCTION CANCELLED
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. 90
Gross Acres:
2,548.60
Net Acres:
2,548.60
Time Remaining:
Auction has ended
Schedule Status:
Bids Due:
April 27th, 2018
6:00 PM CDT / 5:00 PM MDT
Minimum Bid:
$6 per acre
Total Lease Cost at Minimum Bid:
$15,629.88
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T15S, R11W, SLB&M
Sec. 2: Lots 1(44.27), 2(44.21), 3(43.91), 4(42.42), 5(32.96), 6(20.83), S½N½, SW¼, W½SE¼ [All, Except Mining Claims]
Sec. 16: All
Sec. 32: All
Sec. 36: All
Lease Details
Lease Name
Utah Leasing Unit No. 90
County, State
Millard, UT
Legal Description
T15S, R11W, SLB&M
Sec. 2: Lots 1(44.27), 2(44.21), 3(43.91), 4(42.42), 5(32.96), 6(20.83), S½N½, SW¼, W½SE¼ [All, Except Mining Claims]
Sec. 16: All
Sec. 32: All
Sec. 36: All
Gross Acres
2,548.60
Net Acres
2,548.60
Royalty
Electricity-2.25% yr 1-5. 3.5% yr 6-on. Use/sale-10%.
Lease Term
10 years
Application Fee
$30.00
Special Stipulation
Lands Partially Within Wilderness Study 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 of $500.00 per lease unit, regardless of acreage, or $6 per acre and for each fractional part of an acre (fractional acre is rounded up to one full acre) whichever is greater, which includes the first years annual rental of $1.00 per acre and the first years advanced minimum royalty of $5.00 per acre (fractional acre is rounded up to one full acre). 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.
SPECIAL STIPULATIONS
WILDERNESS STUDY AREA (WSA) WITHIN
MAY CONTAIN ACREAGE WITHIN AN EXISTING BUREAU OF LAND MANAGEMENT (""BLM"") WILDERNESS STUDY AREA (""WSA""). A FEDERAL JUDICIAL DECISION PROVIDES THAT REASONABLE ACCESS TO STATE TRUST LANDS WITHIN WSAâS MUST BE GRANTED BY THE BLM; HOWEVER, THE SUCCESSFUL LESSEE WILL BE REQUIRED TO APPLY FOR AND OBTAIN THE APPROPRIATE EASEMENTS FROM THE BLM AT THEIR EXPENSE. ADDITIONALLY, THE SUCCESSFUL LESSEE SHOULD BE AWARE THAT THE TRUST LANDS ADMINISTRATION WILL NOT CONSENT TO LEASE TERM OR ANNUAL RENTAL SUSPENSIONS ON LEASES WHOLLY OR PARTIALLY WITHIN EXISTING OR PROPOSED WSAâS BECAUSE OF RESTRICTIONS PLACED UPON ACCESS OR AVAILABILITY OF SURROUNDING BLM LANDS FOR LEASING AND/OR OPERATIONS.
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