1/30 Oil & Gas Investment Opportunity | Grant Co., OK

Wiggins Auctioneers, LLC

 

Date(s) 11/7/2024 - 1/30/2025

ONLINE ONLY Thursday - January 30, 2025 - Begins Closing @ 2 PM- CST

Online-Only Auction
Shipping Not Available
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.

Auction Information
Name 1/30 Oil & Gas Investment Opportunity | Grant Co., OK
Auctioneer
Type Online-Only Auction
Date(s) 11/7/2024 - 1/30/2025
Auction Date/Time Info
ONLINE ONLY Thursday - January 30, 2025 - Begins Closing @ 2 PM- CST
Preview Date/Time N/A
Checkout Date/Time See Terms.
Location
Buyer Premium 10% Buyer's Premium
Description
OIL & GAS INVESTMENT OPPORTUNITY! Grant Co., OK ONLINE ONLY AUCTION Thursday - January 30, 2025 - Begins Closing @ 2 PM- CST Mineral #1 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 Note: This sale is subject to confirmation by the court in the matter of the Conservatorship of Marvin & Helen Carter. 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 March 18, 2025. 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.
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