AUCTION CANCELLED
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit No. 61
Gross Acres:
600.00
Net Acres:
600.00
Time Remaining:
Auction has ended
Schedule Status:
Bids Due:
July 26, 2019
6:00 PM CDT / 5:00 PM MDT
Minimum Bid:
$1 per acre
Total Lease Cost at Minimum Bid:
$642
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T40S, R18W, SLB&M
Sec. 32: NE¼, NE¼NW¼, S½NW¼, S½
Lease Details
Lease Name
Leasing Unit No. 61
County, State
Washington, UT
Legal Description
T40S, R18W, SLB&M
Sec. 32: NE¼, NE¼NW¼, S½NW¼, S½
Gross Acres
600.00
Net Acres
600.00
Royalty
4%. 8%-fissionable
Lease Term
10 years
Application Fee
$30.00
Special Stipulation
Archaeology
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 $1.00 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.
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.
Special Stipulation
ARCHAEOLOGY AREA CLAUSE
LEASING UNIT CONTAINS OR IS ADJACENT TO ARCHAEOLOGICAL SITES WITH A FAIRLY HIGH PROBABILITY THAT ADDITIONAL SITES COULD EXIST.
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
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VP, Government Resources
Gus Rivero
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Gus.Rivero@energynet.com
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(806) 463-3616
Managing Director, Government Resources
Brandon Savage
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Brandon.Savage@energynet.com
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(806) 463-3621
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Heather Fugger
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Heather.Fugger@energynet.com
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(806) 463-3619
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(806) 463-3635