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Leasing Unit No. 47

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

AUCTION SOLD

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 47

Gross Acres:

113.67

Net Acres:

113.67

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:

$262.56
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 47

County, State

Duchesne, UT

Legal Description

T1S, R4W, USM
Sec. 30: Lots 1(36.81), 2(36.86), SENW [Lots aka WNW]

Gross Acres

113.67

Net Acres

113.67

Royalty

16.67%

Lease Term

5 Years

Application Fee

$30.00

Special Stipulation

No SITLA Surface Ownership

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

PARTIAL OR NO SITLA SURFACE OWNERSHIP

LEASING UNIT CONTAINS PARTIAL OR NO SITLA SURFACE OWNERSHIP.

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