Lot # : 1 - POSTPONED UNTIL FURTHER NOTICE! Mineral #1
Online Only Auction
Price Realized Not Uploaded
Shipping Not Available
Date(s)
9/8/2024 - 10/3/2024
Bidding Notice:
A 10% Buyer's Premium will be added to the high bid at auction to determine the purchase price. Neither the Seller nor the Auction Company is responsible in the event of loss of signal or delay of signal by either side.
Information
Lot # | 1 |
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Group - Category | Real Estate - Ag / Farm Land |
Lead | POSTPONED UNTIL FURTHER NOTICE! Mineral #1 |
Description |
Legal: Minerals in, under, and to the E/2 NE/4 of 32-28N-7 W.I.M., Grant Co., OK
Location: Located from Wakita (SH 11A/Kiowa Rd.), 2 miles W. on Kiowa Rd., then 1 mile S.
NMA: 80 +/-
Production: appears to be from the Southwest Wakita Unit w/RI 0.00054908, paid by Casillas Petroleum Corp of Tulsa, OK
2024 Net Revenue: $226.33 thru 5/22/24
Source: Check stubs
Seller: The Conservatorship of Marvin & Helen Carter
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Auction Information
Name | 10/3 Oklahoma Oil & Gas Investment Opportunity |
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Auctioneer |
Wiggins Auctioneers, LLC
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Type | Online-Only Auction |
Date(s) | 9/8/2024 - 10/3/2024 |
Auction Date/Time Info |
ONLINE ONLY
Thursday - October 3, 2024 - Begins Closing @ 2 PM- CST
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Preview Date/Time | N/A |
Checkout Date/Time | See Terms. |
Location |
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Buyer Premium | 10% Buyer's Premium |
Description |
OIL & GAS INVESTMENT OPPORTUNITY!
Oklahoma Producing Interests, Working Interests, & ORRI
OK Counties: Garfield, Grant, Beckham, Custer, Dewey, Garfield, Grady, Kingfisher, Major, Pittsburg, Roger Mills, Washita & Woodward
ONLINE ONLY AUCTION
Thursday - October 3, 2024 - Begins Closing @ 2 PM- CST
Mineral #1 (POSTPONED UNTIL FURTHER NOTICE)
Grant Co., OK
Legal: Minerals in, under, and to the E/2 NE/4 of 32-28N-7 W.I.M., Grant Co., OK
Location: Located from Wakita (SH 11A/Kiowa Rd.), 2 miles W. on Kiowa Rd., then 1 mile S.
NMA: 80 +/-
Production: appears to be from the Southwest Wakita Unit w/RI 0.00054908, paid by Casillas Petroleum Corp of Tulsa, OK
2024 Net Revenue: $226.33 thru 5/22/24
Source: Check stubs
Seller: The Conservatorship of Marvin & Helen Carter
Mineral #2
Multi-County WI/ORRI
a. Legal: .01488871 NRI and .02082340 WI in the Summers #1-24 well, located in 24-11N-22W, Beckham Co., OK
WI: .02082340
NRI: .01488871
Operator: Crawley Petroleum Corporation
2023 Net Revenue: $462.56
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
b. Legal: .01488871 NRI and .02082340 WI in the Summers #2-24 well, located in 24-11N-22W, Beckham Co., OK
WI: .02082340
NRI: .01488871
Operator: Crawley Petroleum Corporation
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
c. Legal: .00000585 ORRI in the Haley#1-31 well, located in 31-11N-22W, Beckham Co., OK
ORRI: .00000585+/-
Operator: Crawley Petroleum Corporation
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
d. Legal: .00001171 ORRI in the Haley 1-31 well, located in 31-11N-22W, Beckham Co., OK
ORR: .00001171+/-
Operator: Fourpoint Energy LLC
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
e. Legal: .00000563 ORRI in the Haley 4-31 well, located in 31-11N-22W, Beckham Co., OK
ORR: .00000563+/-
Operator: Fourpoint Energy LLC
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
f. Legal: .0010155 ORRI in the Pawnee 25-1 well, located in 25-12N-21W, Beckham Co., OK
ORR: .0010155
Operator: Mewbourne Oil
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
g. Legal: .0010155 ORRI in the Pawnee 25-2 well, located in 25-12N-21W, Beckham Co., OK
ORR: .0010155
Operator: Mewbourne Oil
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
h. Legal: .0187525 ORRI in the State #1-35 well, located in 35-4N-20E, Beaver Co., OK
ORRI: .0187525
Operator: Raydon Exploration Inc
2008 Net Revenue: $183.24
Source: 2008 Check stub
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
i. Legal: WI and NRI in the Self 1-12 well, located in 12-12N-14W, Custer Co., OK
WI: .000742
NRI: .0005888
Operator: BRG Petroleum
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
j. Legal: WI in the Irene 1-12 well, located in 12-12N-14W, Custer Co., OK
WI: GWI .0052253, BPO WI .0041020, APO WI .0038438
Operator: MT Energy LLC
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
k. Legal: WI in the Fransen Farms 1-26 well, located in 26-12N-16W, Custer Co., OK
WI: .003351563
Operator: Diversified Production LLC
Source: Election orders
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
l. Legal: WI in the Sawatsky 1-26 and 3-26 wells, located in 26-12N-16W, Custer Co., OK
WI: .003351563
Operator: Diversified Production LLC
Source: JOA
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
m. Legal: .00037060 ORRI GAS and .00471820 ORRI OIL in the Reinschmiedt #1 well, located in 30-15N-19W, Custer Co., OK
Gas ORRI: .00037060
Oil ORRI: .00471820
Operator: Adparo LLC
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
n. Legal: WI in the Willis 1-5 well, located in 5-18N-15W, Dewey Co., OK
WI: .05752668
Operator: EEC LLC
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
o. Legal: .03035160 ORRI in the Felber 1 well, located in 13-20N-7W, Garfield Co., OK
ORRI: .03035160
Operator: Gilliland Oil & Gas
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
p. Legal: .0001815 ORRI in the Kahle 2-14 well, located in 14-5N-8W, Grady Co., OK
ORRI: .0001815
Operator: Gilliland Oil & Gas
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
q. Legal: .0107984 and .010800 ORRI and .0013916 RI in the Guenzel 1 well, located in 15-14N-26W, Roger Mills Co., OK
ORRI: .0107984 & .010800
NRI: .0013916
Operator: Kaiser-Francis Oil Co.
2022-23 Net Revenue: $253.05 +/-
Source: Check Stubs
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
r. Legal: .007975 ORRI in the Adam Gibson 1-10 and Winnie 1-10 wells, located in 10-5N-13E, Pittsburg Co., OK
ORRI: .007975
Operator: Yale Oil Co.
2022-23 Net Revenue: $3,500.00 payment made from OK Unclaimed payments in 2022 for production up to 2002. Yale made payment of $1,607.85 for production 2004-2008.
Source: OK Unclaimed Payment stub and Yale pay stubs
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
s. Legal: .00341537 ORRI in the Leverton #4-14H well, located in 14-10N-19W, Washita Co., OK
ORR: .00341537+/-
Operator: Crawley Petroleum Corporation
2023 Net Revenue: $617.14
Source: Division Order
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
t. Legal: ORRI in the Giles 1-3 well, located in 3-11N-16W, Washita Co., OK
ORRI: .0110644; .0187404; .0187422; .0187435
Operator: Kaiser-Francis Oil Co.
2022-23 Net Revenue: $420.35 +/-
Source: Check Stubs
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
u. Legal: .00181812 ORRI in the Antelope 2-27 well, located in 27-11N-18W, Washita Co., OK
ORRI: .00181812
Operator: Presidio Production
Source: Oil & Gas Transfer Order - Presidio
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
v. Legal: .00171792 ORRI in the Simpson 1-27 well, located in 27-11N-18W, Washita Co., OK
ORRI: .00171792
Operator: Presidio Production
Source: Oil & Gas Transfer Order - Presidio
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
w. Legal: .00171793 ORRI in the Hale 1-27 well, located in 27-11N-18W, Washita Co., OK
ORRI: .00171793
Operator: Presidio Production
Source: Oil & Gas Transfer Order - Presidio
Seller: Estates of Herbert J. Richardson and Renee Germaine Bizouard
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. Title will transfer by Limited Warranty Deed and/or by other appropriate deed or assignment. Closing is to be on or by November 18, 2024. 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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Terms and Conditions
1. I acknowledge that I have viewed or received a copy of the Auction Day Announcements packet, which includes information about the property, Auction Day Announcements (terms and conditions), and Mineral Memorandum of Sale. A copy of the packet is available for review at wigginsauctioneers.com within 24 hours of the auction, or a copy of the packet may be requested by emailing info@wigginsok.com.
2. I have read said Auction Day Announcements packet and understand and agree to abide by terms and conditions of the auction.
3. I currently have sufficient funds to meet the "Escrow Deposit" and further have the ability to fund and complete the transaction as outlined in the Mineral Memorandum of Sale.
4. I have examined the Mineral Memorandum of Sale and understand that it is a legally binding contract, which is not contingent upon financing, inspections, or anything which would prevent successful closing.
5. I understand the property is being sold "As-Is" and it is my sole responsibility to satisfy myself prior to bidding.
6. I understand that if I am the successful bidder, I agree to complete and sign the Mineral Memorandum of Sale immediately upon conclusion of the auction, and place a 10% escrow deposit as outlined in the Mineral Memorandum of Sale.
7. I understand that my registration for the auction will not be accepted without providing name, address, phone, valid ID and signing and returning a copy of this form. By doing so, I am agreeing to and accepting the terms and conditions of the auction set forth in the Auction Day Announcements packet, and any announcements day of auction which supersede advertising.
8. I hereto agree to sign by electronic means, and that the electronic signature shall have the same force and effect as an original signature.
Bid Increments
Your bid must adhere to the bid increment schedule.
Bid Amount | Bid Increment |
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0.00 - 100.00 | 2.50 USD |
100.01 - 250.00 | 5.00 USD |
250.01 - 500.00 | 10.00 USD |
500.01 - 1,000.00 | 25.00 USD |
1,000.01 - 2,500.00 | 50.00 USD |
2,500.01 - 5,000.00 | 100.00 USD |
5,000.01 - 10,000.00 | 250.00 USD |
10,000.01 - 25,000.00 | 500.00 USD |
25,000.01 - 9,999,999.99 | 1,000.00 USD |
Payment Information
Currency | USD |
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Buyer Premium | 10% Buyer's Premium |
Payment Terms |
See Terms.
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Shipping / Pick Up
N/A