Server Time (CDT): Mar. 28, 4:57:42a

Leasing Unit No. 14

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

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 14

Gross Acres:

601.70

Net Acres:

601.70

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:

$1,258.08
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 14

County, State

Duchesne, UT

Legal Description

T11S, R10E, SLB&M
Sec. 17: SW¼NW¼
Sec. 18: E½SE¼
Sec. 19: Lot 3(41.70), NE¼NE¼, NE¼SW¼, NE¼SE¼ [Lot aka NW¼SW¼]
Sec. 20: NW¼NW¼, SE¼SW¼, NW¼SE¼
Sec. 29: NE¼NE¼
Sec. 30: NW¼NE¼, SE¼NW¼, E½SW¼

Gross Acres

601.70

Net Acres

601.70

Royalty

16.67%

Lease Term

5 Years

Application Fee

$30.00

Special Stipulation

Partially Within the Greater Sage Grouse Occupied & Opportunity Lands

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.

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.

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