Auction Notice:

Neither the Auction Company nor the Sellers are responsible in the event of delayed signal or loss of signal by either side.

Auction Information
Name Mineral Auction
Auctioneer
Type Live Webcast Auction
Date(s) 5/23/2017 - 6/1/2017
Location
Buyer Premium 10% Buyer's Premium
Description
MULTI- COUNTY MINERAL AUCTION Producing & Non-Producing 600+ Net Mineral Acres in Garfield, Major, Grant, Kay, Ellis, Creek, Washita, Pottawatomie, Seminole, Pontotoc, & Okfuskee Counties, OK, Lea County, NM, & Baca County, CO! Thursday - June 1, 2017 - 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) Garfield County Mineral #1 Legal: Undivided 50% NMA in, under, and to the NW/4 15-20N-4W, Garfield County, OK Location: from Covington, 6 mi. S & 1 ½ W. Net Mineral Acres: 80, more or less Production: from Jakosky 1, completed 12/24/81, Mississippi zone, recompleted in Oswego zone 10/25/99 2016 Net Revenue: $494.15 Royalty: 1/8 Operator: B.R. Polk, Inc., 210 Park Ave., Ste. 2620, OKC, OK (405) 232-8869 Major County Mineral #2 Legal: Undivided ½ interest in, under, and to the NE/4 SE/4 & SE/4 NE/4 14-21N-16W, Major County, OK Location: from Chester, 5 miles. N. & 3 E. Net Mineral Acres: 40 Production: Pitman Unit 2-14 2016 Net Revenue: TBA Royalty: .01171870 Operator & Payer: Chesapeake Operating, LLC PO Box 18496, OKC, OK 73154 Grant County Mineral #3 Legal: Undivided 4.75 NMA in, under, and to the SE/4 and S/2 NE/4 22-25N-3W, Grant County, OK Location: from Lamont, 3 mi. E. & 4 ¼ S. Net Mineral Acres: 4.75 Production: appears non-producing & open for lease Mineral #4 - a.) through b.) a.) Legal: Undivided 2.19 NMA in, under, and to the S/2 4-26N-3W, Grant County, OK Location: from Lamont, 1 mi. E. & 4 N. Net Mineral Acres: 2.19 Production: appears non-producing & open for lease b.) Legal: Undivided 1.75 NMA in, under, and to the E/2 SW/4 8-26N-3W, Grant County, OK Location: from Lamont, 3 mi. N. & ¼ E. Net Mineral Acres: 1.75 Production: appears non-producing & open for lease Mineral #5 Legal: Undivided 5 NMA in, under, and to the NE/4 9-26N-5W, Grant County, OK Location: from Medford, 4 mi. S. Net Mineral Acres: 5 Production: appears non-producing & open for lease Mineral #6 Legal: Undivided 5.3815 NMA in, under, and to the SE/4 and a tract of land in the NE/4 of Section 25, Township 27 North, Range 3 West, Grant County, OK, more particularly described as follows: Commencing at the Northeast corner of said Section 25, thence S 89°59'30" W along the North line of said NE/4, 1,490.85 feet to the point of beginning; thence S 13°49'52" E 1,960.71 feet; thence S 02°04'57" E 1,188.0 feet, more or less to the South line of said NE/4; thence N 89°58'48" W along said South line 1,548.0 feet, more or less to the Southwest corner of said NE/4; thence N 00°12'50" W along the West line of said NE/4 2,639.0 feet, more or less to the Northwest corner of said NE/4; thence N 89°59'30" E along the North line of said NE/4 1,156.83 feet to the point of beginning, containing 86.08 acres, more or less. Location: from Lamont, 5 mi. E. & 6 N. Net Mineral Acres: 5.3815 Production: appears non-producing & open for lease Mineral #7 Legal: Undivided 5 NMA in, under, and to the S/2 and NW/4 32-27N-3W, Grant County, OK Location: Lamont Net Mineral Acres: 5 Production: appears non-producing & open for lease Mineral #8 - a.) through b.) a.) Legal: Undivided 3 NMA in, under, and to the NW/4 21-28N-3W, Grant County, OK Location: from Deer Creek, 6 mi. N. & ½ W. Net Mineral Acres: 3 Production: appears non-producing & open for lease b.) Legal: Undivided 3 NMA in, under, and to the NE/4 36-29N-3W, Grant County, OK Location: from Renfrow, 11 mi. E. & 1 ½ N. Net Mineral Acres: 3 Production: appears non-producing & open for lease Kay County Mineral #9 Legal: Undivided 5 NMA in, under, and to the NE/4 17-28N-2W, Kay County, OK Location: from Braman, approx. 1 mi. S. & 5 ½ W. Net Mineral Acres: 5 Production: appears non-producing & open for lease Creek County, OK Mineral #10 Legal: Undivided 5 NMA in, under, and to SW/4 SW/4 1-16N-8E, Creek County, OK Location: from Bellvue, 1 mi. S. & 1 ½ W. Net Mineral Acres: 5 Production: appears non-producing & open for lease Mineral #11 Legal: Undivided 10 NMA in, under, and to the S/2 SE/4 and NW/4 SE/4 2-16N-8E, Creek County, OK Location: from Bellvue, 1 mi. S. & 2 W. Net Mineral Acres: 10 Production: appears non-producing & open for lease Washita County Mineral #12 Legal: All minerals & mineral interest in, under, and to the W/2 NW/4 15-10N-18W, Washita County, OK Net Mineral Acres: 80 Pottawatomie County Mineral #13 - a.) through d.) a.) Legal: Undivided 1/16 interest in, under, and to the E/2 NW/4 28-11N-2E, Pottawatomie County, OK Location: from McCloud, approx. 2 miles S. & ½ E. Net Mineral Acres: 5 Production: appears non-producing & open for lease b.) Legal: Undivided 4/160 interest in, under, and to the SW/4 14-6N-3E, Pottawatomie County, OK Location: from US 177/SH39 Jct. (S. of Asher), approx. 1 ½ miles W. on SH 39 Net Mineral Acres: 4 Production: appears non-producing & open for lease c.) Legal: Undivided 1/40 interest in, under, and to the E/2 E/2 SW/4 9-6N-4E, Pottawatomie County, OK Location: from US 177/SH39 Jct. (S. of Asher), 1 mile N. & approx. 1 ½ miles E. Net Mineral Acres: 1 Production: appears non-producing & open for lease d.) Legal: Undivided 3/160 interest in, under, and to the S/2 NE/4 and N/2 SE/4 5-8N-4E, Pottawatomie County, OK Location: from US 270/177 Jct. (Tecumseh), 5 miles S., 2 miles E. & ¼ N. Net Mineral Acres: 3 Production: appears non-producing & open for lease Seminole County Mineral #14 Legal: All minerals in, under, and to the SE/4 SW/4 and NW/4 SW/4 SE/4 1-9N-5E, Seminole County, OK Location: from US270/SH 3E (W. of Seminole), 2 miles NW on SH 3E Net Mineral Acres: 50 Drilling & Spacing Unit & Pooling Order: Applicant: Cuesta Petroleum, Inc., SW/4 1-9N-5E, filed 2015 Mineral #15 - a.) through e.) a.) Legal: Undivided 1/40 interest in, under, and to the N/2 NW/4 16-6N-6E, Seminole County, OK Location: from Vamoosa, 1 mile N. & ½ mile W. Net Mineral Acres: 2 Production: appears non-producing & open for lease b.) Legal: Undivided 1/128 interest in, under, and to the S/2 NW/4 & NW/4 NW/4 & SW/4 NE/4 4-8N-6E, Seminole County, OK Location: from US 270/ SH 99/3E (Seminole), 1 ½ miles S. Net Mineral Acres: 1.25 Production: appears non-producing & open for lease c.) Legal: Undivided 3/80 interest in, under, and to the SE/4 NE/4 18-8N-6E, Seminole County, OK Location: from US 377 & SH 59 (S. of Seminole), approx. 2 miles W. & 1 S. Net Mineral Acres: 1.5 Production: appears non-producing & open for lease d.) Legal: Undivided 2/304.4 interest in, under, and to Lots 1-4 & E/2 W/2 31-8N-6E, Seminole County, OK Location: from Bowlegs, 2 miles S. & 2 miles W. Net Mineral Acres: 2 Production: appears non-producing & open for lease e.) Legal: Undivided 3/32 interest in, under, and to the N/2 NE/4 and NE/4 NW/4 34-8N-6E, Seminole County, OK, less & except approx. 4 acre school tract Location: from Bowlegs, approx. 1 mile S. Net Mineral Acres: 11.25 Production: appears non-producing & open for lease Mineral #16 - a.) through g.) a.) Legal: Undivided 1/48 interest in, under, and to the W/2 SW/4 and SE/4 SW/4 9-9N-6E, Seminole County, OK Location: from US 270/ SH 99/3E (Seminole), 2 ½ miles N. & ½ W. Net Mineral Acres: 2.5 Production: appears non-producing & open for lease b.) Legal: Undivided 3/80 interest in, under, and to the S/2 NE/4 12-9N-6E, Seminole County, OK Location: from US 270/ SH 99/3E (Seminole), 2 ½ miles N., 3 E. & ½ N. Net Mineral Acres: 3 Production: appears non-producing & open for lease c.) Legal: Undivided 1/80 interest in, under, and to the S/2 NE/4 12-9N-6E, Seminole County, OK Location: same as above Net Mineral Acres: 1 Production: appears non-producing & open for lease d.) Legal: Undivided 1/40 interest in, under, and to the S/2 SE/4 16-9N-6E, Seminole County, OK Location: from US 270/ SH 99/3E (Seminole), 1 ½ miles N. Net Mineral Acres: 2 Production: appears non-producing & open for lease e.) Legal: Undivided 1/20 interest in, under, and to the NE/4 SW/4 21-9N-6E, Seminole County, OK Location: from US 270/ SH 99/3E (Seminole), ½ mile N. & approx. ½ mile W. Net Mineral Acres: 2 Production: appears non-producing & open for lease f.) Legal: Undivided 1/32 interest in, under, and to the E/2 SE/4 31-9N-6E, Seminole County, OK Location: from US 270/ SH 99/3E (Seminole), 1½ mile S. & approx. 2 mile W. Net Mineral Acres: 2.5 Production: appears non-producing & open for lease g.) Legal: Undivided 1/8 interest in, under, and to the NW/4 SW/4 33-9N-6E, Seminole County, OK Location: from US 270/ SH 99/3E (Seminole), approx. 1 mile S. Net Mineral Acres: 5 Production: appears non-producing & open for lease Mineral #17 Legal: All Seller's share of minerals & mineral interest in, under, and to the NE/4 6-10N-6E, Seminole County, OK Location: from Little, 2 miles N. & 2 W. Production: Decker Earlsboro Sand Unit 2016 1099 Net Revenue: $68.19 Royalty: .00020959 Operator: Mid-Con Energy Operating, Tulsa, OK Payer: Coffeyville Resources, 10 East Cambridge Circle Dr., Suite 250, Kansas City, KS 66103 Mineral #18 - a.) through b.) a.) Legal: Undivided 1/48 interest in, under, and to the W/2 NW/4 & W/2 E/2 NW/4 15-10N-6E, Seminole County, OK Location: near Little Net Mineral Acres: 2.5 Pooling Order: Applicant, New Dominion, LLC, filed 2010 b.) Legal: Undivided 1/32 interest in, under, and to the S/2 NW/4 32-10N-6E, Seminole County, OK Location: from Seminole Airport, approx. 2 miles W. & ½ N. Net Mineral Acres: 2.5 Production: appears non-producing & open for lease Mineral #19 Legal: Undivided 10 NMA in, under, and to the W/2 SE/4 7-8N-7E, Seminole County, OK Location: from Lima, approx. ½ mile N. Net Mineral Acres: 10 Production: Scott-Lima 1-4 2016 1099 Net Revenue: $259.51 & $10.92 Royalty: .015625 Payer: Sunoco Partners Marketing & Terminals, PO Box 5090, Sugar Land, TX 77487 & Enerfin Resources I LP, 2500 CityWest Blvd., Suite 400, Houston, TX 77042 Mineral #20 - a.) through b.) a.) Legal: Undivided 1/40 interest in, under, and to the S/2 S/2 28-7N-7E, Seminole County, OK Location: from Bowlegs, 7 miles S. & 4 E. Net Mineral Acres: 4 Production: appears non-producing & open for lease b.) Legal: All minerals & mineral interest in, under, and to the E/2 NE/4 NW/4 31-8N-7E, Seminole County, OK Location: from Bowlegs, 3 miles E. & approx. 1 S. Net Mineral Acres: 20 Production: appears non-producing & open for lease Mineral #21 - a.) through d.) a.) Legal: Undivided 2.5 NMA in, under, and to the N/2 NE/4 SE/4 4-9N-7E, Seminole County, OK Location: from Seminole Airport, approx. 6 miles E. Net Mineral Acres: 2.5 Production: appears non-producing & open for lease b.) Legal: Undivided 1/48 interest in, under, and to the NE/4 NE/4 & W/2 NE/4 21-9N-7E, Seminole County, OK Location: from Danielson Lake, approx. 1 mile NW Net Mineral Acres: 2.5 Production: appears non-producing & open for lease c.) Legal: All minerals & mineral interest in, under, and to the NE/4 SW/4 NW/4 17-9N-7E, Seminole County, OK Location: from Seminole Airport, approx. 1 mile S. & 4 E. Net Mineral Acres: 10 Production: appears non-producing & open for lease d.) Legal: Undivided 1/40 interest in, under, and to the NE/4 SW/4 21-9N-7E, Seminole County, OK Location: from Danielson Lake, approx. 1 mile NW Net Mineral Acres: 1 Pooling Order: Applicant: TriPower Resources, LLC, SW/4 21-9N-7E, filed 2012 Mineral #22 - a.) through b.) a.) Legal: All Seller's share of minerals & mineral interest in, under, and to the NW/4 SE/4 NE/4 & W/2 SE/4 NE/4 14-9N-7E, Seminole County, OK Location: from Seminole Airport, approx. 7 miles E. & 1 S. Production: Brown #3 Royalty: .00067190 2016 Net Revenue: $95.90 Operator & Payer: Tripower Resources, Ardmore, OK b.) Legal: All minerals & mineral interest in, under, and to the SE/4 SE/4 14-9N-7E, Seminole County, OK Location: from Seminole Airport, approx. 7 miles E. & 1 S. Net Mineral Acres: 40 Mineral #23 Legal: All minerals & mineral interest in, under, and to the W/2 SW/4 SW/4 17-9N-7E, Seminole County, OK Location: from Seminole Airport, approx. 1 mile S. & 4 E. Net Mineral Acres: 20 Mineral #24 Legal: All Seller's share of minerals & mineral interest in, under, and to the SE/4 SW/4 25-10N-7E, Seminole County, OK Location: from Cromwell, 3 miles S. & 3 ½ E. Production: N. Bethel Unit- Tract 2 & Noble Albert 2 Royalty: .0006728 2016 1099 Net Revenue: $12.14 (Enerfin Resources) 01/2017 Net Revenue: $124.79 (Sunoco Partners), appears no 2016 revenue from Sunoco Operator: Circle 9 Resources LLC Payer: Enerfin Resources, 2500 City West Blvd, Suite 400, Houston, TX 77042 & Sunoco Partners Marketing & Term LP Mineral #25 - a.) through c.) a.) Legal: All minerals & mineral interest in, under, and to the NW/4 SE/4 SW/4 17-10N-7E, Seminole County, OK Location: from Little, 4 miles E. & ½ S. Net Mineral Acres: 10 b.) Legal: All minerals & mineral interest in, under, and to the NW/4 SE/4 SW/4 25-10N-7E, Seminole County, OK Location: from Cromwell, 3 miles S. & 3 ½ E. Net Mineral Acres: 10 c.) Legal: Undivided 1/32 interest in, under, and to the NW/4 SE/4 28-10N-6E, Seminole County, OK Location: from Seminole Airport, approx. 1 mile N. Net Mineral Acres: 1.25 Pontotoc County Mineral #26 - a.) through d.) a.) Legal: Undivided 1/28 interest in, under, and to the N/2 NW/4 and SW/4 NW/4 and W/2 SE/4 NW/4 17-4N-4E, Pontotoc County, OK Location: from SH 59A/3W (SW of Maxwell), 1 mile E., 4 S., & 1 ½ W. Net Mineral Acres: 5 Production: appears non-producing & open for lease b.) Legal: Undivided 5 NMA in, under, and to Lot 8, less NW 10 acres, and Lot 9 of 23-5N-5E, Pontotoc County, OK Location: from Maxwell, 1 mile S. & 5 E. Net Mineral Acres: 5 Production: appears non-producing & open for lease c.) Legal: Undivided 1/48 interest in, under, and to the E/2 NE/4 8-5N-6E, Pontotoc County, OK Location: from Byng, approx. 3 ½ N. on SH 99 Net Mineral Acres: 1.6666 Production: appears non-producing & open for lease d.) Legal: Undivided 1/48 interest in, under, and to the W/2 W/2 NW/4 9-5N-6E, Pontotoc County, OK Location: from Byng, approx. 3 ½ N. on SH 99 Net Mineral Acres: .83333 Production: appears non-producing & open for lease Okfuskee County Mineral #27 Legal: All minerals & mineral interest in, under, and to the SE/4 12-10N-12E, Okfuskee County, OK Location: from Weleetka, approx. 8 miles E. Net Mineral Acres: 160 Production: appears non-producing & open for lease Baca County, CO Mineral #28 Legal: Undivided 20 NMA in, under, and to all of 14-28S-45W, Baca County, CO Location: approx. 5 mi. S. of Two Boots Net Mineral Acres: 20 Production: appears non-producing & open for lease Mineral #29 Legal: Undivided 10 NMA in, under, and to the N/2 24-28S-45W, Baca County, CO Location: approx. 5 mi. S. of Two Boots Net Mineral Acres: 10 Production: appears non-producing & open for lease Lea County, NM Mineral #30 Legal: Undivided 2.5 NMA in, under, and to Lots 3 & 4 & the SE/4 SW/4 6-18S-38E, Lea County, NM Net Mineral Acres: 2.5 Terms & Conditions: A 10% Buyer's 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. Closing is to be on or by July 17, 2017. 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.
Minerals Auction Day Announcements Thursday - June 1, 2017 - 10:00 A.M. Terms & Conditions: 10% of the purchase price is to be placed in escrow the day of the auction. Buyer(s) may use a personal or company check. Buyer(s) will have until June 21, 2017, to examine the county records and satisfy themselves as to title. In the event the title examination reflects acreages different from that disclosed on the date of sale, the purchase price shall be prorated to reflect the accurate acreage. For Mineral Tracts #17, 22 a. & b., and 24 only, the Seller's interest is represented by royalty interest only. Neither the Seller nor the Auction Company makes any representation as to the number of mineral acres that may or may not be included in these tracts and no price adjustment will be made as a result of future title searches. Minerals will be transferred by a Limited Warranty Mineral Deed and/or appropriate assignment for the type of interest being conveyed. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyer(s) should satisfy themselves regarding the minerals being offered prior to auction day. Any announcements made the day of the auction supersede all advertising. Mineral Acreage: To the best knowledge of the Auction Company, there has not been a title search completed of the mineral interests being sold. Net mineral acres as described in all advertising was provided either by the seller or in the Order Allowing Final Report and Determining Heirship and Final Decree of Distribution in the Matter of the Estate of Roberta Roads Allen, Case No. PB- 2004-48, in the records of Garfield Co., OK, and may or may not be correct. Closing: Closing is to be on or by July 17, 2017. The closing agent is Fairview Abstract Company. Their phone number is (580) 227-4524. The closing/escrow fee is $400.00 per mineral tract and is to be paid ½ by the Seller(s) and ½ by the Buyer(s). Closing shall be at Fairview Abstract Company, 116 E. Broadway St., Fairview, Oklahoma, 73737. It is expressly understood by the Seller(s) and Buyer(s) that Wiggins Auctioneers, LLC and their agents do not warrant the present or future value, the size or area, or the condition of the title to any of the tracts being offered, nor do they hold themselves out to being experts in any of these areas, and the parties agree to hold Wiggins Auctioneers, LLC and their agents harmless of any claims arising from any representation or misrepresentation relating to such matters. Confirmation: The sale of each tract is subject to confirmation by the Seller(s). Seller(s) expressly reserve the right to accept or reject any or all bids at the auction. Buyer(s)'s Premium: A 10% Buyer(s)'s premium will be added to the high bid in the auction to determine the purchase price for each mineral tract. Internet Buyer(s) Only: In order to save you the time and expense of traveling to the auction site, this auction is being broadcast live on-line at www.wigginsauctioneers.com. There is no additional fee for this service. Neither the Auction Company nor Seller(s) is responsible in the event of delayed signal or loss of signal by either side. EXAMPLE OF MEMORANDUM OF SALE Minerals #1 | Garfield Co., OK Wiggins Auctioneers, LLC Date: June 1, 2017 802 W. Maine, Ste B Enid, OK. 73701 Buyers Name ______________________________________________________________________ _______________________________hereby agrees that he/she has agreed to purchase the following described property, as shown on attached Exhibit "A", as follows: A. High Bid at Auction:__________________________________ B. 10% Buyers' Premium:________________________________ C. Purchase Price:_______________________________________ Buyer is knowledgeable in the oil and gas business and agrees with the terms and conditions of this sale. Buyer also agrees to make payment for the purchase price of this property with a check in the following manner: 10% of the purchase price shall be paid at the conclusion of the auction, this day, and placed in escrow and the balance due shall be paid on or before July 17, 2017, by cashier's check to Fairview Abstract Company, as escrow agent. Sellers are under no obligation to furnish any evidence of title, and buyer will be responsible to examine the records to satisfy himself/herself of title. Buyer must notify Sellers in writing of any title objections no later than 5:00 pm on June 21, 2017, or any title objections will be waived. The Sellers agree to use their best efforts to deliver good title to the purchasers. In the event Sellers determine in their sole discretion that delivery of good title as aforesaid is legally impossible or economically unreasonable, Sellers may rescind this contract, return the down payment to Buyer, and neither party shall thereafter have any further duty to the other. It is also agreed that if Buyer should fail to complete the purchase agreement according to the aforementioned terms, the 10% down payment shall be retained by the Sellers as damages and the minerals shall be put up for sale again. Final settlement must be made on or by July 17, 2017, unless the Sellers agree, in writing, to an extension due to any valid legal title problems only. The Closing fee is $400.00 and is to be paid one-half (1/2) by the Buyer and one-half (1/2) by the Seller. Closing is to be at the office of Fairview Abstract Company, 116 E. Broadway, Fairview, OK 73737. Sellers shall retain all royalty payments for production, if any, through the month of closing. Buyer shall be entitled to royalty payments, if any, for production beginning the month following closing. Purchaser will receive a Limited Warranty Mineral Deed from the Sellers at time of final settlement. Sale is subject to oil and gas lease(s) of record. Special Conditions:
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,000.00 50.00 USD
1,000.01 - 10,000.00 250.00 USD
10,000.01 - 100,000.00 2,500.00 USD
100,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
Personal Check or Wire Transfer Day of Auction
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.