Auction Information
11/14Minerals
Multi-County Mineral Auction
Producing, Non-producing, & Working Interest
Online Bidding Available!
AUCTION
Friday November 14, 2014 10:00 a.m.
Auction Location: Springhill Suites by Marriott, 5815 KL Dr., Enid, OK (W. of Wal-Mart, W. edge of Enid)
Major County
Mineral #1
Legal Description: Undivided interest in the NE/4 5-21N-9W
Net Mineral Acres: 80
Production: Sherman #1-5 & Faye #5-16
Lease: 5 years and as long thereafter as oil and/or gas is produced dated July 19, 1957
Royalty: .0116847
2013 Net Revenue: approx. $517.02
Operator: Beck Resources, Inc.
Payors: Mustang Gas Products & Ringwood Gathering Company
Mineral #2
Legal Description: Undivided 15/336 interest in the NW/4 15-22N-10W
Net Mineral Acres: 7.1428
Production: No current production
Current Lease: Red Mountain Energy LLC- 3 year lease dated January 14, 2014
Royalty: 3/16
Kingfisher & Blaine County Working Int...
Kingfisher & Blaine County Working Interests
Mineral #3
Legal Description: The NW/4 29-18N-10W, Blaine County, OK
Production: Art 1-29
Working Interest: 40% (wellbore only), 31.20% of wells total revenue
Years Net Revenue: approx. $1,300.00
Equipment: 228 pumping unit, jack shaft, C96 engine; 20 x 10 separator; 4 x 20 HeaterTreater; 6 fiberglass 210 barrel water tank; 210 barrel stock tank; 300 barrel stock tank
Mineral #4
Legal Description: The NE/4 12-18N-6W, Kingfisher County, OK
Production: Charles OHern #1 & #2
Working Interest: 10% (well bore only), 7.72031% of wells total revenue
Years Net Revenue: approx. $9,000.00
Equipment: two (2) 210 barrel oil tank; 13 fiberglass water tank; 4 x 20 HeaterTreater; TC5 controller; 3 x 10 separator
Note: Minerals #3 & #4 will be offered together only!
Woodward County
Mineral #5
Legal Description: 35 undivided acres of minerals in the W/2 15-22N-20W
Net Mineral Acres: 35
Production: No Current Production- Appears Open for Lease
Mineral #6
Legal Description: 30 undivided acres of minerals in the W/2 15-22N-20W
Net Mineral Acres: 30
Production: No Current Production- Appears Open for Lease
Comanche County
Mineral #7
Legal Description: 40 undivided acres of minerals in the SW/4 NE/4 21-2N-13W
Net Mineral Acres: 40
Production: No Current Production- Appears Open for Lease
Note: Will be offered in 10 acre tracts with buyers option to purchase up to 40 acres
Pushmataha County
Mineral #8
Legal Description: 30 undivided acres of minerals in the NW/4 33-3S-16E
Net Mineral Acres: 30
Production: No Current Production- Appears Open for Lease
Mineral #9
Legal Description: 30 undivided acres of minerals in the SW/4 28-3S-16E
Net Mineral Acres: 30
Production: No Current Production- Appears Open for Lease
Terms: 10% of the purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of merchantable title, at closing. Buyers will have 15 days to examine the county records and satisfy themselves as to the title. Closing is to be on or by December 15, 2014. A 10% Buyers premium will be added to the high bid in the auction to determine the purchase price of each tract. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, production, etc. prior to auction day. Any announcements made the day of the auction supersede all advertising.
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