THIS IS A COMPLETED SALE
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8/20 Multi-County Oil & Gas Mineral Auction, OK
Previous Page Listing ID#: 1320888
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Auction Location |
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Enid, OK 73701 |
Auction Dates and Times |
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Friday Aug 20, 2021 Completed |
Auction Type |
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Company Information |
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Wiggins Auctioneers Website: www.wigginsauctioneers.com/ GoToAuction.com ID#: 4345 View company information and listings |
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Listing Terms and Conditions |
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1. I acknowledge that I have 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.
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.
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Listing Information |
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638 +/- Net Mineral Acres in 6 Tracts
Garfield, Alfalfa, & Noble Co., OK
Friday - August 20, 2021 - 10:00 a.m.
Online Bidding Available!
Auction Location: Meeting Room #1 of the Pavilion of the Chisholm Trail Expo Center, 111 W. Purdue, Enid, OK
Garfield County, OK
Mineral #1
Legal: Seller's share of minerals and mineral interest in, under, and to the SW/4 of Sec. 4, Twp. 23N, R8 W.I.M., Garfield Co., OK
Approx. Location: From mile line W. of Carrier, 2 miles W. on SH 45, then 1 mile N.
NMA: 150 +/-
Lease: appears to be nonproducing & open for lease
Owner: The Van Buskirk Family Trust
Alfalfa County, OK
Mineral #2
Legal: Seller's share of minerals and mineral interest in, under, and to the SE/4 of Sec. 6, Twp. 23N, R12 W.I.M., Alfalfa Co., OK
Approx. Location: Located from Aline, 4 ½ miles W. on SH 8A, then ½ mile S. on CR 520
NMA: 160 +/-
Lease: appears to be nonproducing & open for lease
Owner: The Virginia R. Arnot Trust; LaDonna Groves Trust; & Lois Jean Wheeler
Noble County, OK
Mineral #3
Legal: An undivided 25/80 interest of minerals in, under, and to the W/2 NW/4 of Sec. 20, Twp. 22N, R1 W.I.M., Noble Co., OK and the reversionary rights to an undivided 50/80 interest of minerals as long as there is production from the NW/4 of said section; AND an undivided 31.25/80 interest of minerals in, under, and to the E/2 NW/4 of Sec. 20, Twp. 22N, R1 W.I.M., Noble Co., OK and the reversionary rights to an undivided 43.75/80 interest of minerals as long as there is production from the NW/4 of said section.
Approx. Location: from US 412/ I-35 Jct., 1 ½ mi. S. on I-35 &¼ W.
NMA: 56.25 +/- NMA & 93.75 NMA reversionary rights
Production: appears to be from the Fourdee Mississippi Lime Unit w/RI 0.000374; the Lewis Dolezal #20-1 w/RI 0.048828200; and the Lewis Dolezal #20-2 w/RI 0.039062400
Revenue: 2019 1099 reflects revenue of $6,721.50 & 2020 1099 reflects revenue of $1,729.77, paid by Sunoco Partners Mktg & Term; & 2020 1099 reflects revenue of $253.69, paid by Lu-Ray Petroleum, LLC. 2021 total YTD net revenue: Trivestco Energy Company through 5/21 is approx. $1608 & Lu-Ray Petroleum through 7/21 is approx. 358.
Owner: Linda L. Dolezal Revocable Trust
Mineral #4
Legal: All of minerals and mineral interest in, under, and to Lots 1 & 2 & the S/2 NE/4 Sec. 5, Twp. 21N, R1 W.I.M., Noble Co., OK
Approx. Location: from I-35/Fir St. (Perry), ½ mile E. on Fir St., then 2 1/2 miles N. on CR 90
NMA: 160.45 +/-
Lease: appears to be nonproducing & open for lease
Owner: The Muriel Louise Linholm Revocable Trust
Mineral #5
Legal: An undivided 11/140 interest of minerals in, under, and to the SE/4 Sec. 9, Twp. 21N, R1 W.I.M., Noble Co., OK
Approx. Location: from I-35/ US 64 near Perry (Fir Street Exit), 1 ½ miles E. on US 64 & 1 mile N.
NMA: 12.57 +/-
Lease: appears to be nonproducing & open for lease
Owner: The Muriel Louise Linholm Revocable Trust
Mineral #6
Legal: An undivided 11/140 interest of minerals in, under, and to the S/2 NW/4 Sec. 27, Twp. 21N, R1 W.I.M., Noble Co., OK
Approx. Location: from I-35/ US 77 near Perry (Sooner's Corner Exit), 1 ½ miles E. on US 77
NMA: 6.285 +/-
Lease: appears to be nonproducing & open for lease
Owner: The Muriel Louise Linholm Revocable Trust
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. Closing is to be on or by October 5, 2021. 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 M#1: 150 +/- NMA, Garfield Co., OK Mineral #1 Legal: Seller's share of minerals and mineral interest in, under, and to the SW/4 of Sec. 4, Twp. 23N, R8 W.I.M., Garfield Co., OK Approx. Location: From mile line W. of Carrier, 2 miles W. on SH 45, then 1 mile N. NMA: 150 +/- Lease: ... 2 M#2: 160 +/- NMA, Alfalfa Co., OK Mineral #2 Legal: Seller's share of minerals and mineral interest in, under, and to the SE/4 of Sec. 6, Twp. 23N, R12 W.I.M., Alfalfa Co., OK Approx. Location: Located from Aline, 4 ½ miles W. on SH 8A, then ½ mile S. on CR 520 NMA: 160 +/- Leas... 3 M#3: 56.25 +/- NMA & 93.75 NMA rev. rights, Noble Mineral #3 Legal: An undivided 25/80 interest of minerals in, under, and to the W/2 NW/4 of Sec. 20, Twp. 22N, R1 W.I.M., Noble Co., OK and the reversionary rights to an undivided 50/80 interest of minerals as long as there is production from the NW... 4 M#4: 160.45 +/- NMA, Noble Co., OK Mineral #4 Legal: All of minerals and mineral interest in, under, and to Lots 1 & 2 & the S/2 NE/4 Sec. 5, Twp. 21N, R1 W.I.M., Noble Co., OK Approx. Location: from I-35/Fir St. (Perry), ½ mile E. on Fir St., then 2 1/2 miles N. on CR 90 NMA: 160.4... 5 M#5: 12.57 +/- NMA, Noble Co., OK Mineral #5 Legal: An undivided 11/140 interest of minerals in, under, and to the SE/4 Sec. 9, Twp. 21N, R1 W.I.M., Noble Co., OK Approx. Location: from I-35/ US 64 near Perry (Fir Street Exit), 1 ½ miles E. on US 64 & 1 mile N. NMA: 12.57 +/- Lea... 6 M#6: 6.285 +/- NMA, Noble Co., OK Mineral #6 Legal: An undivided 11/140 interest of minerals in, under, and to the S/2 NW/4 Sec. 27, Twp. 21N, R1 W.I.M., Noble Co., OK Approx. Location: from I-35/ US 77 near Perry (Sooner's Corner Exit), 1 ½ miles E. on US 77 NMA: 6.285 +/- Lease... |
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