Server Time (CST): Feb. 26, 6:42:03p

Leasing Unit No. 38

Emery County, UT
Utah SITLA - Metalliferous Minerals, January 24, 2020

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit No. 38

Gross Acres:

99.03

Net Acres:

99.03

Time Remaining:

Auction has ended

Schedule Status:

Bids Due:
January 24, 2020
6:00 PM CT / 5:00 PM MT

Minimum Bid:

$5 per acre

Total Lease Cost at Minimum Bid:

$540
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Utah Leasing Unit No. 38

County, State

Emery, UT

Legal Description

T22S, R16E, SLB&M,
Sec. 27: Lot 11 [W2W2SE4SE4]
Sec. 34: Lots 2(10.90), 3(38.66), NW4NE4 [Lots aka Part of W2W2NE4NE4, Part of SW4NE4]

Gross Acres

99.03

Net Acres

99.03

Royalty

4%. 8%-fissionable

Lease Term

10 years

Application Fee

$30.00

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.

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

EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(866) 364-4688