Leasing Unit No. 53

Carbon County, UT
Utah SITLA - Re-Offering Lease Sale

AUCTION CANCELLED

Property Schedule

Due Diligence Began 9/27/2019
Bidding Started 10/24/2019
Bidding Ended 10/31/2019 11:06 AM
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Leasing Unit No. 53
80.00
80.00
Auction has ended
10/24/2019 10:06 AM MDT / 11:06 AM CDT
10/31/2019 10:06 AM MDT / 11:06 AM CDT
-
-
$6.25/acre
$0.50
$540
(Bonus + Agency Fees + Buyer Premium)
Lease Details
Lease Name
Leasing Unit No. 53
County, State
Carbon, UT
Legal Description
T15S, R8E, SLB&M
Sec. 27: S˝NEĽ
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

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Gus Rivero

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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

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Heather.Fugger@energynet.com

Office
(806) 463-3619


Global Markets Strategic Analyst
Anastasia Rademaekers

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Anastasia.Rademaekers@energynet.com

Office
(806) 463-3635

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