AUCTION CANCELLED
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit No. 40
Gross Acres:
1,021.75
Net Acres:
1,021.75
Time Remaining:
Auction has ended
Schedule Status:
Bids Due:
July 26th, 2019
6:00 PM CDT / 5:00 PM MDT
Minimum Bid:
$2 per acre
Total Lease Cost at Minimum Bid:
$2,114.88
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T13S, R9E, SLB&M
Sec. 23: E½SE¼
Sec. 24: N½SW¼, SW¼SW¼, Part of SE¼SW¼ [Metes & Bounds]
Sec. 25: Part of NE¼NW¼ [Metes & Bounds] NW¼NW¼, S½NW¼, SW¼
Sec. 26: E½E½
Sec. 36: NW¼, N½SW¼, SW¼SW¼, SW¼SE¼
Lease Details
Lease Name
Leasing Unit No. 40
County, State
Carbon, UT
Legal Description
T13S, R9E, SLB&M
Sec. 23: E½SE¼
Sec. 24: N½SW¼, SW¼SW¼, Part of SE¼SW¼ [Metes & Bounds]
Sec. 25: Part of NE¼NW¼ [Metes & Bounds] NW¼NW¼, S½NW¼, SW¼
Sec. 26: E½E½
Sec. 36: NW¼, N½SW¼, SW¼SW¼, SW¼SE¼
Gross Acres
1,021.75
Net Acres
1,021.75
Royalty
16.67%
Lease Term
5 Years
Application Fee
$30.00
Special Stipulation
Partial SITLA Surface Ownership
Metes & Bounds
Beg at a point on the N boundary line of the SE quarter of the SW quarter of Sec. 24, which is 4031 ft. S and 2737 ft. W of the NE corner of Sec 24; thence S 19°15' W 219.7 ft.; thence S 30°23' W 371.5 ft; thence S 8°50' W 294.6 ft; thence S 1°13' E 619 ft; thence S 11°25' E 539 ft; thence S 11°7' E 454 ft; thence S 1°41' W 221 ft. to the S boundary line of the NE quarter of the NW quarter of Sec. 25; thence E 189 ft. m/l to the SE corner of the NE quarter of the NW quarter of said Sec. 25; thence N 2640 ft. m/l to the NE corner of the SE quarter of the SW quarter of said Sec. 24; thence W 97 ft. m/l to the pob. Being all the lands between the E boundary line and a line 25 ft W of the center line of a canal running through the SE quarter of the SW quarter of Sec. 24 and the NE quarter of the NW quarter of Sec. 25 in Township 13 South, Range 9 East of the Salt Lake Meridian.
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 per leasing unit or $2.00 per acre, whichever is greater, covering the first year's annual rental. Fractional acres are rounded up to one full acre. 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
EnergyNet Points of Contact
VP, Government Resources
Gus Rivero
Email
Gus.Rivero@energynet.com
Office
(806) 463-3616
Managing Director, Government Resources
Brandon Savage
Email
Brandon.Savage@energynet.com
Office
(806) 463-3621
Transaction Manager
Heather Fugger
Email
Heather.Fugger@energynet.com
Office
(806) 463-3619
Global Markets Strategic Analyst
Anastasia Rademaekers
Email
Anastasia.Rademaekers@energynet.com
Office
(806) 463-3635