Online Only Auction
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High Bid: 1,100.00 USD
3 Bids
Time Remaining: 14d 16h 12m
Soft Close
Shipping Not Available
Date(s)
5/9/2024 - 6/6/2024
AUCTIONEER INFORMATION
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
Group - Category Real Estate - Ag / Farm Land
Lead Mineral #1: 40 +/- NMA- Major Co., OK
Description
Legal: Undivided ¼ interest of minerals in, under, and to the SE/4 19-23N-10W, Major Co., OK Location: from Ringwood, OK (US 412/SH 58 Jct.), 4 miles N. & 3 W. NMA: 40 +/- Lease: appears nonproducing & open for lease Source: Mineral Deed Book 1140/Page 118 Seller: Shirley R. Baca
Name 6/6 Oklahoma Oil & Gas Mineral Auction
Auctioneer
Type Online-Only Auction
Date(s) 5/9/2024 - 6/6/2024
Auction Date/Time Info
ONLINE ONLY AUCTION | Thursday - June 6th, 2024 - Begins Closing @ 2 PM- CST
Checkout Date/Time See Terms.
Location
Buyer Premium 10% Buyer's Premium
Description
OIL & GAS INVESTMENT OPPORTUNITY! Oklahoma Producing & Nonproducing Mineral Interests ONLINE ONLY AUCTION Thursday - June 6th, 2024 - Begins Closing @ 2 PM- CST WATCH FOR FUTURE ADDITIONS! Mineral #1 40 +/- NMA- Major Co., OK Legal: Undivided ¼ interest of minerals in, under, and to the SE/4 19-23N-10W, Major Co., OK Location: from Ringwood, OK (US 412/SH 58 Jct.), 4 miles N. & 3 W. NMA: 40 +/- Lease: appears nonproducing & open for lease Source: Mineral Deed Book 1140/Page 118 Seller: Shirley R. Baca Mineral #2 40 +/- NMA- Major Co., OK Legal: Undivided ½ interest of minerals in, under, and to the S/2 NE/4 34-22N-10W, Major Co., OK Location: from Ringwood, OK (US 412/Main St.), 4 ¼ miles S. on Main St./CR 267 NMA: 40 +/- Production: appears to be from the Sarah Miss w/RI 0.00234500; the R-M Unit Tract 20346 w/RI 0.00344500; the Bierig 1 Manning w/RI 0.00946100, paid by Ringwood Gathering Company of Spring, TX 2023 1099 Net Revenue: $144.11 2022 1099 Net Revenue: $150.64 Source: check stubs & 1099s Seller: Bryan Bierig Auction Mgr.: Lynsie Sturgeon 580.554.2633
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.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
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
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
See Terms.
N/A