Server Time (CDT): Mar. 29, 5:32:55a

Leasing Unit No. 29

Grand County, UT
Utah SITLA - Oil, Gas & Associated Hydrocarbons, April 26, 2019

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 29

Gross Acres:

347.56

Net Acres:

347.56

Time Remaining:

Auction has ended

Schedule Status:

Bids Due:
April 26th, 2019
6:00 PM CDT / 5:00 PM MDT

Minimum Bid:

$2 per acre

Total Lease Cost at Minimum Bid:

$739.92
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 29

County, State

Grand, UT

Legal Description

Updated Stipulation 04/12/2019
T21S, R19E, SLB&M
Sec. 2: Lots 1(46.88), 2(46.89), 3(46.89), 4(46.90), S½S½ [All]

Gross Acres

347.56

Net Acres

347.56

Royalty

16.67%

Lease Term

5 Years

Application Fee

$30.00

Special Stipulation

Adjacent to Wilderness

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 $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 Stipulation

WILDERNESS STUDY AREA ("WSA") - ADJACENT TO

LEASING UNIT IS ADJACENT TO AN EXISTING BUREAU OF LAND MANAGEMENT ("BLM") WSA. A FEDERAL JUDICIAL DECISION PROVIDES THAT REASONABLE ACCESS TO STATE TRUST LANDS WITHIN WSA’S 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 WSA’S BECAUSE OF RESTRICTIONS PLACED UPON ACCESS OR AVAILABILITY OF SURROUNDING BLM LANDS FOR LEASING AND/OR OPERATIONS.

CLICK HERE TO VIEW A MAP OF THE WILDERNESS STUDY AREA

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

Research Analyst
Aly Gold

Email
agold@utah.gov

Office
(801) 538-5159

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


Government Lease Sales Junior Analyst
Anastasia Rademaekers

Email
Anastasia.Rademaekers@energynet.com

Office
(806) 463-3635