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3/2 Oklahoma Oil & Gas Investment Opportunity!

  Status: Closed
 
This auction has closed

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Type:

Internet-only (timed) auction

By:

Wiggins Auctioneers, LLC

  Web
At:

ONLINE ONLY802 W. Maine, Suite B, Enid, Oklahoma, 73701. USA. tel: 580-233-3066

Started:
31st Jan, 2023
Ended: 2nd Mar, 2023
View: Enid Auctions Oklahoma Auctions
Hide Auction Description

OIL & GAS INVESTMENT OPPORTUNITY!Producing & Nonproducing Minerals | Saltwater Disposal WellONLINE ONLY AUCTIONThursday - March 2nd, 2023 - Begins Closing @ 2 PM- CSTMineral #140 +/- NMA- Kay Co., OKLegal: An undivided interest of minerals in, under, and to the NE/4 16-25N-1E, Kay Co., OKNMA: 40 +/-Production: appears to be from the Dan #3-16 w/RI 0.05000000 (recently recompleted), paid by Phillips 66 Company, Bartlesville, OK Net Revenue: production from 6/22 thru 12/22 net revenue totals $5,559.28 Source: Check StubsSeller: The Estate of Jay L. Overton (Note: This sale is subject to confirmation by the District Court of Grant Co., OK)Mineral #255 +/- NMA- Logan Co., OKLegal: Seller's share of mineral interest in, under, and to the NW/4, NE/4, & SE/4 15-16N-1W, Logan Co., OK NMA: 55 +/-Lease: appears to be nonproducing & open for leaseSource: DeedSeller: Stanley E. HicksMineral #3153.94 +/- NMA- Bryan Co., OKLegal: Seller's share of mineral interest in, under, and to the SE/4 3-7S-9E, Bryan Co., OK NMA: 153.94 +/-Production: appears to be from the Dansby 1-3H w/RI 0.04716091, paid by XTO Energy Inc., Spring, TX 2022 1099 Net Revenue: $18,129.89Source: Analysis provided by Clearwater Royalty, LLC & check stubsSeller: Jewish Family and Children's Services, Trustee of the William C. Yarbrough, Jr.2013 Revocable Living Trust, dated June 10, 2013Mineral #4130 +/- NMA- Bryan Co., OKLegal: Seller's share of mineral interest in, under, and to the N/2 NW/4 NE/4; SE/4 NW/4 NE/4; E/2 SW/4 NE/4; & E/2 SE/4 10-7S-9E, Bryan Co., OK NMA: 130 +/-Lease: appears to be nonproducing & open for leaseSource: Analysis provided by Clearwater Royalty, LLCSeller: Jewish Family and Children's Services, Trustee of the William C. Yarbrough, Jr.2013 Revocable Living Trust, dated June 10, 2013Mineral #590 +/- NMA- Bryan Co., OKLegal: Seller's share of mineral interest in, under, and to the NW/4 SW/4 and SW/4 NW/4 and SW/4 NW/4 NW/4 11-7S-9E, Bryan Co., OK NMA: 90 +/-Lease: appears to be nonproducing & open for leaseSource: Analysis provided by Clearwater Royalty, LLCSeller: Jewish Family and Children's Services, Trustee of the William C. Yarbrough, Jr.2013 Revocable Living Trust, dated June 10, 2013Mineral #620 +/- NMA- Bryan Co., OKLegal: Seller's share of mineral interest in, under, and to the S/2 NE/4 NE/4 23-6S-9E, Bryan Co., OK NMA: 20 +/-Lease: appears to be nonproducing & open for leaseSource: Analysis provided by Clearwater Royalty, LLCSeller: Jewish Family and Children's Services, Trustee of the William C. Yarbrough, Jr.2013 Revocable Living Trust, dated June 10, 2013Mineral #720 +/- NMA- Bryan Co., OKLegal: Seller's share of mineral interest in, under, and to the W/2 NW/4 NW/4 24-6S-9E, Bryan Co., OK NMA: 20 +/-Lease: appears to be nonproducing & open for leaseSource: Analysis provided by Clearwater Royalty, LLCSeller: Jewish Family and Children's Services, Trustee of the William C. Yarbrough, Jr.2013 Revocable Living Trust, dated June 10, 2013Mineral #8Commercial Saltwater Disposal WellWell Name: Collins 28-A Saltwater Disposal Well Legal/Location: The NE/4 28-24N-8W, Garfield Co., OK, located along blacktop road in area with hundreds of producing wellsSurface Lease: Lease Agreement in the amount of $1,000/month for use of land needed for disposalPermit: 6,000 barrels per day at 1200 PSIEquipment Inventory: (2) 210 Bbl Steel Tanks, 10'x15' with stairs and walkway; (1) 400 Bbl Fiberglass Gunbarrel; (4) 300 Bbl Fiberglass closed top tanks; (1) 300 Bbl Steel Tank, 12'x15' with stairs and landing; (1) 210 Bbl Fiberglass open top tank with net 6'x16'; (1) Containment wall; (1) Transfer Pump w/electric motor, skid, controls; (1) Triplex plunger pump w/electric motor, skid, controls; (1) Automation/Controls; & Other related machinery & equipmentRecent Maintenance: Seal-Tite PVC lined tubing replaced in 2018 (prior tubing life span of 20 +/- yrs), casing has never had problems (5-1/2 casing cemented to surface)Mechanical Integrity Test: passed on 6/29/22; well must pass an addition Mechanical Integrity Test prior to closing to be facilitated & coordinated by Seller. Seller: Teepee Oil & Gas Inc.Mineral #9160 +/- NMA- Pushmataha Co., OKLegal: Seller's share of mineral interest in, under, and to W/2 19-2N-22E, Pushmataha Co., OK NMA: 160 +/-Lease: appears to be nonproducing & open for lease Source: Information provided by Seller Seller: Duane KirkpatrickMineral #10110 +/- NMA- Pushmataha, Co., OKLegal: Seller's share of mineral interest in, under, and to N/2 NE/4; SW/4 NE/4; NW/4 SE/4; & SW/4 SE/4 13-2N-21E, Pushmataha Co., OK NMA: 110 +/- Lease: appears to be nonproducing & open for lease Source: Information provided by SellerSeller: Duane Kirkpatrick Mineral #11100 +/- NMA- Pushmataha, Co., OKLegal: Seller's share of mineral interest in, under, and to NE/4 & NW/4 SW/4 24-2N-21E, Pushmataha Co., OK NMA: 100 +/- Lease: appears to be nonproducing & open for lease Source: Information provided by SellerSeller: Duane Kirkpatrick 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 17, 2023. 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.