SOLD
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit No. 65
Gross Acres:
40.00
Net Acres:
40.00
Time Remaining:
Auction has ended
Schedule Status:
Bids Due:
October 26th, 2018
6:00 PM CDT / 5:00 PM MDT
Minimum Bid:
$35 per acre
Total Lease Cost at Minimum Bid:
$1,458
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T27S, R9W, SLB&M
Sec. 16: NW¼NE¼
Lease Details
Lease Name
Utah Leasing Unit No. 65
County, State
Beaver, UT
Legal Description
T27S, R9W, SLB&M
Sec. 16: NW¼NE¼
Gross Acres
40.00
Net Acres
40.00
Royalty
Greater of 10% or $300.00 per ton
Lease Term
10 years
Application Fee
$30.00
Special Stipulation
ARCHAEOLOGY AREA CLAUSE; GEOTHERMAL UNITIZED AREA CLAUSE
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 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.
Special Stipulation
ARCHAEOLOGY AREA CLAUSE
CONTAINS SOME ARCHAEOLOGICAL SITES; WITH A FAIRLY HIGH PROBABILITY THAT ADDITIONAL SITES COULD EXIST.
GEOTHERMAL UNITIZED AREA CLAUSE
LEASING UNIT CONTAINS ACREAGE LOCATED WITHIN THE ROOSEVELT HOT SPRINGS GEOTHERMAL UNIT.
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.
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
EnergyNet Points of Contact
VP of Government Lease Sales
Gus Rivero
Email
Gus.Rivero@energynet.com
Office
(806) 463-3616
Manager of Government Lease Sales
Brandon Savage
Email
Brandon.Savage@energynet.com
Office
(806) 463-3621
Government Lease Sales Analyst
Heather Fugger
Email
Heather.Fugger@energynet.com
Office
(806) 463-3619