Leasing Unit No. 1
Uintah County, UT
Utah SITLA - Oil, Gas & Associated Hydrocarbons
AUCTION CANCELLED
AUCTION CANCELLED
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit No. 1
Gross Acres:
802.08
Net Acres:
802.08
Time Remaining:
Auction has ended
Schedule Status:
Bids Due:
July 27th, 2018
6:00 PM CDT / 5:00 PM MDT
Minimum Bid:
$2 per acre
Total Lease Cost at Minimum Bid:
$1,668.12
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T3S, R19E, SLB&M
Sec. 1: SE¼SE¼
Sec. 2: Lots 1(40.31), 2(40.45), 3(40.59), 4(40.73), SE¼NE¼, S½NW¼, SW¼, E½SE¼, SW¼SE¼ [Lots aka N½N½]
Sec. 12: NE¼NE¼, S½NE¼, N½NW¼
Lease Details
Lease Name
Utah Leasing Unit No. 1
County, State
Uintah, UT
Legal Description
T3S, R19E, SLB&M
Sec. 1: SE¼SE¼
Sec. 2: Lots 1(40.31), 2(40.45), 3(40.59), 4(40.73), SE¼NE¼, S½NW¼, SW¼, E½SE¼, SW¼SE¼ [Lots aka N½N½]
Sec. 12: NE¼NE¼, S½NE¼, N½NW¼
Gross Acres
802.08
Net Acres
802.08
Royalty
16.67%
Lease Term
5 Years
Application Fee
$30.00
Special Stipulation
Within the Greater Sage Grouse Occupied Lands
Lease 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 $3.00 per acre and for each fractional part of an acre (fractional acre is rounded up to one full acre) whichever is greater. The minimum bid shall apply to the first year annual lease rental. Annual rentals for the first five (5) lease years will be $3.00 per acre. Commencing with the sixth (6th) lease year, the annual rental will be increased by $1.00 per acre each year. 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 Stipulation
Offset Activity
Utah School and Institutional Trust Land Administration Points of Contact
Trust Lands Mineral Resource Specialist
Jerry Mansfield
Email
jmansfield@utah.gov
Office
(801) 538-5153