Auction Information
Online Bidding Site520 Acres in Enid, OK
Mineral Auction | 520 +/- Acres
Thursday February 15, 2018 10:00 a.m.
Online Bidding Available!
Auction Location: Springhill Suites by Marriott, 5815 KL Drive, Enid, OK 73703 (W. of Wal-Mart on W. edge of Enid)
Mineral #1
Legal: All minerals & mineral interest in, under, & to the SE/4 30-22N-9W, Major Co., OK
Location: from Meno, 1 mile W. & 2 S.
Net Mineral Acres: 160 +/- NMA
Production: appears to be nonproducing & open for lease
Note: minerals will be offered in undivided 40+/- acre tracts with the buyers option to purchase up to 160 +/- acres
Mineral #2
Legal: All minerals & mineral interest in, under, & to the SW/4 a/d/a Lots 3, 4 & the E/2 SW/4 30-22N-9W, Major Co., OK
Location: joins Mineral #1 on the W.
Net Mineral Acres: 163.92 +/- (all) NMA of participating rights & 123.92 +/- (3/4) NMA of nonparticipating royalty rights
Production: appears to be nonproducing & open for ...
Production: appears to be nonproducing & open for lease
Note: minerals will be offered in undivided 40+/- acre tracts with the buyers option to purchase up to 160 +/- acres
Mineral #3
Legal: All minerals & mineral interest in, under, & to the NE/4 14-22N-9W, Major Co., OK
Location: from Meno, 2 miles E.
Net Mineral Acres: 160 +/- NMA
Production: appears to be nonproducing & open for lease
Note: minerals will be offered in undivided 40+/- acre tracts with the buyers option to purchase up to 160 +/- acres
Mineral #4
Legal: An undivided interest of minerals & mineral interest in, under, & to the NE/4 a/d/a Lots 1, 2, 3, & the SE/4 NE/4 4-22N-12W, Major Co., OK
Location: from Cleo Springs, approx. 1 W. on Texas St. then continuing on oilfield private roads approx. mile W. &. mile N.
Net Mineral Acres: 40 +/- NMA
Lease: TBA
Terms & Conditions: A 10% Buyers premium will be added to the high bid in the auction to determine the purchase price of each tract. 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 20 days to examine the county records and satisfy themselves as to the title. Title will transfer by Limited Warranty Deed. Closing is to be on or by March 30, 2018. 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.