Leasing Unit No. 53

Carbon County, UT

Utah SITLA - Re-Offering Lease Sale

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

You have not bid on this lot

Lease:

Leasing Unit No. 53

Gross Acres:

80.00

Net Acres:

80.00

Time Remaining:

Auction has ended

Start Time:

10/24/2019 10:06 AM MDT / 11:06 AM CDT

End Time:

10/31/2019 10:06 AM MDT / 11:06 AM CDT

Your Bid:

Highest Bid:

Starting Bid:

$6.25/acre

Bid Increment:

$0.50

Total Cost at Starting Bid:

$540
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

T15S, R8E, SLB&M
Sec. 27: S½NE¼

Lease Details

Lease Name

Leasing Unit No. 53

County, State

Carbon, UT

Legal Description

T15S, R8E, SLB&M
Sec. 27: S½NE¼

Gross Acres

80.00

Net Acres

80.00

Royalty

16.67%

Lease Term

5 Years

Application Fee

$30.00

Special Stipulation

Minimum Bid/Annual Rent of $500; 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 $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

MINIMUM BID AMOUNT CLAUSE

LEASING UNIT IS AT A MINIMUM BID OF $500.00 WITH A MINIMUM ANNUAL RENTAL OF $500.00 PER YEAR. REFER TO THE SCHOOL AND INSTITUTIONAL TRUST LANDS ADMINISTRATION RULES AND REGULATIONS (R850-21-500-1b). (Updated Effective 06/01/2019)

ARCHAEOLOGY AREA CLAUSE

LEASING UNIT CONTAINS OR IS ADJACENT TO ARCHAEOLOGICAL SITES WITH A FAIRLY HIGH PROBABILITY THAT ADDITIONAL SITES COULD EXIST.

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