Leasing Unit # 7
Emery County, UT
Utah SITLA - Humic Shale January 22, 2021
SOLD
SOLD
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit # 7
Gross Acres:
682.00
Net Acres:
682.00
Time Remaining:
Auction has ended
Start Time:
1/8/2021 5:00 PM MST / 6:00 PM CST
End Time:
1/22/2021 5:00 PM MST / 6:00 PM CST
Minimum Bid:
$3 per acre
Total Lease Cost at Minimum Bid:
$2,116.92
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T23S, R6E, SLB&M; Sec. 19. LOTS 1(43.87), 2(43.69), 3(43.50), 4(50.70), 5(46.80), 6(46.76), 7(46.72), S2NE4, SE4NW4, E2SW4, SE4 [ALL]
Lease Details
Lease Name
Leasing Unit # 7
County, State
Emery, UT
Legal Description
T23S, R6E, SLB&M; Sec. 19. LOTS 1(43.87), 2(43.69), 3(43.50), 4(50.70), 5(46.80), 6(46.76), 7(46.72), S2NE4, SE4NW4, E2SW4, SE4 [ALL]
Gross Acres
682.00
Net Acres
682.00
Royalty
Greater of 10% GV or $10/ton
Lease Term
10 Years
Application Fee
$30.00
Special Stipulation
Coal Estate
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 minimum of $500.00 per lease unit, regardless of acreage, or $3.00 per acre and for each fractional part of an acre (fractional acre is rounded up to one full acre) whichever is greater. The minimum bid shall apply to the first year annual lease rental. 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
COAL-DOMINANT ESTATE
LEASING UNIT IS WITHIN A COAL-DOMINANT ESTATE WHERE SITLA MAY, WITH 60 DAYS’ NOTICE TO LESSEE, TERMINATE A HUMIC SHALE LEASE AS TO ALL OR ANY PORTION OF THE PROPERTY IF SITLA DESIRES TO ENTER OR HAS ENTERED AN AGREEMENT FOR THE DEVELOPMENT OF COAL ON ALL OR ANY PORTION OF THE PROPERTY.
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 Point of Contact
Trust Lands Mineral Resource Specialist
Jerry Mansfield
Email
jmansfield@utah.gov
Office
(801) 538-5153
EnergyNet Point of Contact