AUCTION CANCELLED
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
Please log in as a buyer in order to bid.
Lease:
Leasing Unit # 7
Gross Acres:
478.80
Net Acres:
478.80
Time Remaining:
Auction has ended
Start Time:
1/7/2022 5:00 PM MST / 6:00 PM CST
End Time:
1/21/2022 5:00 PM MST / 6:00 PM CST
Minimum Bid:
$2 per acre
Total Lease Cost at Minimum Bid:
$1,007.16
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T15S, R11E, SLB&M
Sec. 20 NE4
T15S, R11E, SLB&M
Sec. 29 SW4NW4, NW4SW4
T15S, R11E, SLB&M
Sec. 30 LOT 1(39.25), 4(39.55), NE4NE4, NE4NW4, E2SW4 [LOTS AKA NW4NW4, SW4SW4]
Lease Details
Lease Name
Leasing Unit # 7
County, State
Carbon, UT
Legal Description
T15S, R11E, SLB&M
Sec. 20 NE4
T15S, R11E, SLB&M
Sec. 29 SW4NW4, NW4SW4
T15S, R11E, SLB&M
Sec. 30 LOT 1(39.25), 4(39.55), NE4NE4, NE4NW4, E2SW4 [LOTS AKA NW4NW4, SW4SW4]
Gross Acres
478.80
Net Acres
478.80
Royalty
16.67%
Lease Term
5 years
Application Fee
$30.00
Special Stipulation
Partial or No SITLA Surface Ownership
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 ยง63G-2-101, et. seq.
Please note the offered Leasing Unit does not provide for Helium development or extraction as a leased substance.
The Applicant offers minimum $2.00 per acre and for each fractional part of an acre (fractional acre is rounded up to one full acre), which includes the first years annual rental, unless otherwise noted. 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
PARTIAL OR NO SITLA SURFACE OWNERSHIP
LEASING UNIT CONTAINS PARTIAL OR NO SITLA SURFACE OWNERSHIP.
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
EnergyNet Point of Contact