Server Time (CDT): Mar. 28, 8:50:13a

Leasing Unit # 37

Duchesne County, UT
Utah SITLA - Oil, Natural Gas, and Associated Hydrocarbons Lease Sale, July 22, 2022

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

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Lease:

Leasing Unit # 37

Gross Acres:

640.00

Net Acres:

640.00

Time Remaining:

Auction has ended

Start Time:

7/8/2022 5:00 PM MDT / 6:00 PM CDT

End Time:

7/22/2022 5:00 PM MDT / 6:00 PM CDT

Minimum Bid:

$2 per acre

Total Lease Cost at Minimum Bid:

$1,335.60
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Leasing Unit # 37

County, State

Duchesne, UT

Legal Description

T9S, R16E, SLB&M
Sec. 36: All

Gross Acres

640.00

Net Acres

640.00

Royalty

16.67%

Lease Term

5 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 ยค63G-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. Lease includes pugh clause. 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.

General Comments

Horizontal Pugh Clause included in lease.

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

Lease Manager
Dorothy Taylor

Email
dataylor@utah.gov

Office
(801) 538-5161

EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488