Online Only Auction
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Price Realized:
22,550.00 USD
Shipping Not Available
Date(s)
2/1/2024 - 2/29/2024
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.

Auction Notice:

ALL LOTS SHALL REMAIN OPEN UNTIL SUCH TIME THAT ALL BIDDING HAS CEASED. Bids are for total lot in its entirety, NOT per acre.


Information
Lot # 6
Group - Category Real Estate - Ag / Farm Land
Lead Mineral #6- 80 +/- NMA- Major Co., OK
Description
Legal: Seller's share of minerals in, under, and to the N/2 SW/4 4-22N-9W, Major Co., OK Location: from Meno, 1 ¼ miles N. NMA: 80 +/- Production: appears to be from the North Meno Unit Tract #08 w/RI 0.06250000, paid by Canvas Energy LLC, OKC, OK 2023 Net Revenue: production from 1/23 thru 4/23 net revenue total approx. $19.25 Source: Deed & check stubs Seller: Susan A. Ellis Revocable Trust
Name 2/29 Oklahoma Oil & Gas Investment Opportunity!
Auctioneer
Type Online-Only Auction
Date(s) 2/1/2024 - 2/29/2024
Auction Date/Time Info
ONLINE ONLY | Thursday - February 29th, 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 Garfield, Major, Blaine, & Kingfisher Counties ONLINE ONLY AUCTION Thursday - February 29th, 2024 - Begins Closing @ 2 PM- CST Mineral #1a 50 +/- NMA- Garfield Co., OK Legal: Undivided ½ interest of minerals in, under, and to the West 100 acres in SW/4 29-24N-7W, Garfield Co., OK Location: from Carrier, 2 miles N., 2 miles E., & 1 mile N. NMA: 50 +/- Production: appears to be from the Dennis #1-29H w/RI 0.02929688; the Dennis #2-29H w/RI 0.02929688; the Dennis #4-29H w/RI 0.02929688, paid by Sandridge Exploration & Production, LLC, OKC, OK Note: RI decimal is for Seller's total interest (100 +/- NMA) 2022 1099 Net Revenue (1/2): $6,753.63 2023 Net Revenue (1/2): production from 1/23 thru 10/23 net revenue totals approx. $2,886.85 Source: Check Stubs Seller: Kruse Farms LLC Mineral #1b 50 +/- NMA- Garfield Co., OK Legal: Undivided ½ interest of minerals in, under, and to the West 100 acres in SW/4 29-24N-7W, Garfield Co., OK Location: from Carrier, 2 miles N., 2 miles E., & 1 mile N. NMA: 50 +/- Production: appears to be from the Dennis #1-29H w/RI 0.02929688; the Dennis #2-29H w/RI 0.02929688; the Dennis #4-29H w/RI 0.02929688, paid by Sandridge Exploration & Production, LLC, OKC, OK Note: RI decimal is for Seller's total interest (100 +/- NMA) 2022 1099 Net Revenue (1/2): $6,753.63 2023 Net Revenue (1/2): production from 1/23 thru 10/23 net revenue totals approx. $2,886.85 Source: Check Stubs Seller: Kruse Farms LLC Mineral #2a 80 +/- NMA- Garfield Co., OK Legal: Undivided ½ interest of minerals in, under, and to the NE/4 31-24N-7W, Garfield Co., OK Location: from Carrier, 2 miles N., 2 miles E., & ½ mile N. NMA: 80 +/- Lease: appears to be nonproducing & open for lease Source: Deed Seller: Kruse Farms LLC Mineral #2b 80 +/- NMA- Garfield Co., OK Legal: Undivided ½ interest of minerals in, under, and to the NE/4 31-24N-7W, Garfield Co., OK Location: from Carrier, 2 miles N., 2 miles E., & ½ mile N. NMA: 80 +/- Lease: appears to be nonproducing & open for lease Source: Deed Seller: Kruse Farms LLC Mineral #3 80 +/- NMA- Garfield Co., OK Legal: Minerals in, under, and to the S/2 SW/4 8-23N-7W, Garfield Co., OK Location: from Carrier, 2 miles E. NMA: 80 +/- Lease: appears to be nonproducing & open for lease Source: Deed Seller: Kruse Farms LLC Mineral #4a 77.5 +/- NMA- Garfield Co., OK Legal: Undivided ½ interest of minerals in, under, and to Lots 1 & 2 and the E/2 NW/4 a/d/a the NW/4 7-22N-8W, Garfield Co., OK Location: from Lahoma, 1 mile W. & ½ mile N. NMA: 77.5 +/- Lease: appears to be nonproducing & open for lease Source: Deed Seller: Susan A. Ellis Revocable Trust Mineral #4b 77.5 +/- NMA- Garfield Co., OK Legal: Undivided ½ interest of minerals in, under, and to Lots 1 & 2 and the E/2 NW/4 a/d/a the NW/4 7-22N-8W, Garfield Co., OK Location: from Lahoma, 1 mile W. & ½ mile N. NMA: 77.5 +/- Lease: appears nonproducing & open for lease Source: Deed Seller: Susan A. Ellis Revocable Trust Mineral #5a 80 +/- NMA- Major Co., OK Legal: Undivided ½ interest of minerals in, under, and to the NE/4 4-22N-9W, Major Co., OK Location: from Meno, 1 mile E. & 1½ miles N. NMA: 80 +/- Production: appears to be from the North Meno Unit Tract #01 w/RI 0.12500000, paid by Canvas Energy LLC, OKC, OK Note: RI decimal is for Seller's total interest (160 +/- NMA) 2023 Net Revenue (1/2): production from 1/23 thru 4/23 net revenue totals approx. $20.78 Source: Deed & check stubs Seller: Susan A. Ellis Revocable Trust Mineral #5b 80 +/- NMA- Major Co., OK Legal: Undivided ½ interest of minerals in, under, and to the NE/4 4-22N-9W, Major Co., OK Location: from Meno, 1 mile E. & 1½ miles N. NMA: 80 +/- Production: appears to be from the North Meno Unit Tract #01 w/RI 0.12500000, paid by Canvas Energy LLC, OKC, OK Note: RI decimal is for Seller's total interest (160 +/- NMA) 2023 Net Revenue (1/2): production from 1/23 thru 4/23 net revenue totals approx. $20.78 Source: Deed & check stubs Seller: Susan A. Ellis Revocable Trust Mineral #6 80 +/- NMA- Major Co., OK Legal: Seller's share of minerals in, under, and to the N/2 SW/4 4-22N-9W, Major Co., OK Location: from Meno, 1 ¼ miles N. NMA: 80 +/- Production: appears to be from the North Meno Unit Tract #08 w/RI 0.06250000, paid by Canvas Energy LLC, OKC, OK 2023 Net Revenue: production from 1/23 thru 4/23 net revenue total approx. $19.25 Source: Deed & check stubs Seller: Susan A. Ellis Revocable Trust Mineral #7 20.15 +/- NMA- Blaine Co., OK Legal: An undivided 20.151250 net mineral acres in, under, and to Lot 3 & Lot 4 & the E/2 SW/4 a/d/a the SW/4 19-17N-12W, Blaine Co., OK Location: from mile line S. of Eagle City, 3 miles E. (NW of Watonga) NMA: 20.15 +/- Production: appears to be from the Little Wing 1HX-3019 w/RI 0.00300074, paid by BCE-Mach III, OKC, OK 2023 Net Revenue: production from 1/23 thru 10/23 net revenue totals approx. $2,309.34 Source: Deed & check stubs Seller: TenEx Technologies, LLC Mineral #8 28.33 +/- NMA- Blaine Co., OK Legal: An undivided 28.33 net mineral acres in, under, and to the SE/4 27-18N-10W, Blaine Co., OK Location: from hwy curve E. of Hitchcock, 2 miles N. & 3 ½ E. NMA: 28.33 +/- Production: appears to be from the Ihrig 1-27 w/RI 0.00315430 & 0.00237955, paid by Cimarex Energy Co., Denver Co.; & the Columbus 34&27-18-10H (Meramec) w/RI 0.00157936, paid by Diversified Production, Canton, OH 2023 Net Revenue: production from 1/23 thru 10/23 net revenue totals approx. $496.97 Source: Deed & check stubs Seller: Xpand Oil & Gas Solutions LLC Mineral #9 Converting ORRI- Kingfisher Co., OK Legal: Seller's share of ORRI in the SE/4, Lots 1 & 2 and the S/2 NE/4, Lots 3 & 4 and the S/2 NW/4 4-16N-9W, Kingfisher Co., OK Location: from Loyal, 5 miles S. & 2 W. Production: appears to be from the Mosasaurus 4-16N-W 2H, 3H, 4H, 5H, 6H, 7H, 8H, 9H, 11H, & 13H w/ORRI 0.00579227, paid by Devon Energy Production Company, OKC, OK 2023 Net Revenue: production from 1/23 thru 10/23 net revenue totals approx. $7,979.40 Source: Deed & check stubs Seller: Xpand Oil & Gas Solutions LLC Converting ORRI Info: Click link provided below lot photo titled "Converting ORRI Information provided by Devon Energy Corporation &/or its subsidiaries for accommodation only." 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 April 15, 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.
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