Server Time (CDT): Apr. 18, 5:31:14a

UT-2022-04-1261

Millard County, UT
BLM Utah Geothermal Lease Sale, April 12, 2022

SOLD

Property Schedule

Due Diligence Began 2/24/2022
Bidding Started 4/12/2022
Bidding Ended 4/12/2022 10:30 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

UT-2022-04-1261

Acres:

2,040.00

Time Remaining:

Auction has ended

Start Time:

4/12/2022 9:00 AM MDT / 10:00 AM CDT

End Time:

4/12/2022 9:30 AM MDT / 10:30 AM CDT

Your Bid:

-

Highest Bid:

$25/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$56,020
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

UT-2022-04-1261
SN: UTUT105294997

County, State

Millard, UT

Legal Description

T. 19 S., R. 8 W., SLM
Sec. 14 E1/2SW1/4, SE1/4;
Sec. 22 SE1/4NE1/4, S1/2;
Sec. 23 W1/2;
Sec. 26 SE1/4NW1/4, NW1/4SW1/4;
Sec. 27 N1/2, SW1/4, NE1/4SE1/4, S1/2SE1/4;
Sec. 34 E1/2, N1/2NW1/4, SE1/4SW1/4.

Acres

2,040.00

Rental (1st Year)

$4,080.00

Royalty

1.75%

Administrative Fee

$175.00

Expression of Interest

UT00017586

Serial Number

UTUT105294997

Lease Terms and Conditions

All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.

A lease issued as a result of this sale will have a primary term of 10 years. The BLM will extend the primary term of the lease if the requirements found in the regulations 43 CFR 3207.10 have been met. Annual rental is $2 per acre for the first year (paid to the BLM), and $3 per acre for the second through tenth year (paid to the Office of Natural Resources Revenue (ONRR)). After the tenth year, annual rental will be $5 per acre. Rental is always due in advance of the lease year. The ONRR must receive annual rental payments by the anniversary date of the lease year or your lease may be terminated.

Royalty rates for geothermal resources produced for the commercial generation of electricity but not sold in an arm’s length transaction are: 1.75 percent for the first 10 years of production and 3.5 percent after the first 10. The royalty rate is to be applied to the gross proceeds derived from the sale of electricity in accordance with 30 CFR part 206 subpart H.

You will find other lease terms on our standard lease form (Form 3200-24a, September 2008)].

Stipulations and Notices

Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations. They are requirements or restrictions on how you conduct operations.
They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • HQ-CR-1 Cultural Resource Protection
  • HQ-TES-1 Threatened and Endangered Species Act
  • UT-GEO-S-07 CSU - Soil Severe Erosion (2008 ROD 2.3.3. CSU Stips)
  • UT-S-FFO-131 CSU - Critical Watershed - Perennial Streams and Springs
  • UT-GEO-LN-02 Monitoring (2008 ROD BMPs)
  • UT-GEO-LN-03 Paleontological and Cultural Resources (2008 ROD BMPs)
  • UT-GEO-LN-04 Geotechnical Analysis (2008 ROD)
  • UT-GEO-LN-05 Fossils
  • UT-GEO-LN-06 Migratory Birds
  • UT-GEO-LN-07 Water
  • UT-GEO-LN-08 Mining Claims
  • UT-GEO-LN-09 Water Resources (2008 ROD)
  • UT-LN-44 Raptors
  • UT-LN-45 Migratory Bird
  • UT-LN-49 Utah Sensitive Species
  • UT-LN-51 Special Status Plants; Not Federally Listed
  • UT-LN-52 Noxious Weeds
  • UT-LN-53 Riparian Areas
  • UT-LN-54 Floodplains (FFO)
  • UT-LN-59 Erodible Soils and Steep Slopes (CCFO, FFO)
  • UT-LN-60 Steep Slopes (CCFO, FFO, MtFO, PFO, VFO, SLFO - Outside Moab MLP)
  • UT-LN-64 National Historic Trails or Historic Properties (FFO)
  • UT-LN-96 Air Quality Mitigation Measures
  • UT-LN-99 Regional Ozone Formation Controls
  • UT-LN-101 Air Quality (WDD, CoCD)
  • UT-LN-102 Air Quality Analysis
  • UT-LN-128 Floodplain Management
  • UT-LN-156 Pollinators and Pollinator Habitat (Sept 2018 Price-Richfield Lease Sale EA)
  • UT-LN-MLP-147 Kit Fox Habitat
  • UT-S-FFO-58 NSO - Sunstone Knoll Rockhounding Area

Successful Bidder Notification

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

On the day of the sale, you must pay 20 percent of the bonus bid; the first year’s advance rental of $2.00 per acre or fraction of an acre; and a non-refundable administrative fee of $175.00, to the BLM State Office by the close of business.

Buyer Premium

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

BLM Utah Contact Information

EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #800

4/12/2022 10:29:53 AM

$25

Bidder #224

4/12/2022 10:29:57 AM

$24

Bidder #800

4/12/2022 10:29:41 AM

$23

Bidder #224

4/12/2022 10:29:26 AM

$22

Bidder #800

4/12/2022 10:29:24 AM

$20

Bidder #224

4/12/2022 10:29:21 AM

$18

Bidder #800

4/12/2022 10:25:34 AM

$16

Bidder #224

4/12/2022 10:24:36 AM

$14

Bidder #800

4/12/2022 10:23:31 AM

$12

Bidder #224

4/12/2022 10:22:54 AM

$10


View 5 earlier bids...