21.8 +/- Acres LAND | PRODUCING MINERALS!
Turkey Creek - Lahoma/Drummond Area, Garfield Co., OK
AUCTION
Friday - February 27, 2015 - 10:00 a.m.
Auction Location: Lahoma Community Bldg., S. Stabe Rd., Lahoma, OK
21.8 +/- acres * located from the Jct of US 412/SH132 (West of Enid), go 4 miles south on SH 132, then 1 miles west on Wheat Capital Rd. * According to the Garfield Co. F.S.A. there appears to be 18.98 acres of cropland * Principle soil type of the land is 100% Keokuk loam, Class I * Balance of the land consists of timber lined Turkey Creek * Outstanding cropland, livestock grazing & shelter * Excellent wildlife habitat * Hunting potential! 14 Taxes: Were approx. $96.00. The 2015 taxes will be prorated to the day of closing Legal Description: All that land lying North and East of the center line of Turkey Creek in the NW/4 of Sec. 4, Twp. 21N, R8 W.I.M., Garfield Co., O...
21.8 +/- acres * located from the Jct of US 412/SH132 (West of Enid), go 4 miles south on SH 132, then 1 miles west on Wheat Capital Rd. * According to the Garfield Co. F.S.A. there appears to be 18.98 acres of cropland * Principle soil type of the land is 100% Keokuk loam, Class I * Balance of the land consists of timber lined Turkey Creek * Outstanding cropland, livestock grazing & shelter * Excellent wildlife habitat * Hunting potential! 14 Taxes: Were approx. $96.00. The 2015 taxes will be prorated to the day of closing Legal Description: All that land lying North and East of the center line of Turkey Creek in the NW/4 of Sec. 4, Twp. 21N, R8 W.I.M., Garfield Co., OK. Call for complete legal! Producing Minerals! Minerals in, under & to the above described land will be offered separately and immediately after the auction of the surface. Crop: Does not sell. Possession: Possession of the land is to be given upon payment in full of the purchase price & transfer of title, at closing, subject to the existing agricultural lease which expires upon completion of harvest of the 2014-2015 crop or July 1, 2015, whichever is later.
Mineral #1
Legal Description: Undivided 1/8 of minerals in, under & to the NW/4 a/d/a Lots 3 & 4 and S/2 NW/4 4-21N-8W
Net Mineral Acres: 20.175
Production: The Chestnut #1 (oil & gas), located in C SW NE, completed in the Mississippi Lime & Misner Hn in 2/1965; The Chestnut #2 (oil & gas), located in NW NW, completed in the Mississippi Lime and Cherokee Sand in 7/1965 & recompleted in 6/2008; The Chestnut #3 (gas), located in NE SE SE, completed in the Oswego and Mississippi Lime in 8/1973 & recompleted in 9/2007; The Chestnut #4 (oil & gas), located in C NE SW, completed in the Mississippi Lime in 4/1981
Royalty Interest: .0039247
Revenue: Chestnut #1, #2, & #4 reflect an average of $83/month from 1/2014 9/2014
Operator: Chestnut #3- gas runs received through Atlas Pipeline; Chestnut #1, #2, & #4- gas & oil runs received through Crawley Petroleum Corp., 105 N. Hudson, Ste. 800, OKC 73102
Mineral #2
Legal Description: Undivided 1/8 of minerals in, under & to the E/2 NE/4 28-24N-8W
Net Mineral Acres: 10
Production: No current production; Owner elected 1/5th royalty & $800 per acre under SandRidge Exploration and Production, LLC filed Pooling Cause CD No. 2014409136 covering E/2 21 & E/2 28, of 24N-8W. Sandridge spudded the Steveson 2408 1-28/21H on January 14, 2015. Oklahoma Corp. Commission established a 640 acre horizontal drilling and space unit for Tonkawa, Cottage Grove, Oswego, Cherokee and Mississippian common sources of supply. (Bonus payment has not been made, and shall be paid to and belong to Clara Murrey, even if payment is made after effective date of sale of mineral interest.)
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. 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, crop base, N.M.A., etc. prior to auction day. Announcements made day of the auction take precedence. Contact auction managers * Cherokee Henry at (580) 541-7729 OR Vicki Wiggins Allen at (580) 554-4400 for any additional information you may need.
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Seller: The Estate of Alfred James Murrey & Clara Murrey
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