46 +/- Net Mineral Acres | Major & Payne Co., OK

May 28th, 2020
| 10:00 A.M.

Auction Location

Garfield County Fairgrounds
111 W. Purdue, Enid, OK 73701

Auction Manager/s

Lynsie Sturgeon
| 580.554.2633

MAJOR CO., OK

Mineral #1

Legal:  Seller’s share of minerals in, under, and to the SE/4 19-23N-10W, Major Co., OK
Approx. Location: from US412/SH 58 (Ringwood, OK), 4 mi. N. on SH 58 & 3 W.
NMA: 40 +/-
Production: according to the OCC, the Volz wells do not appear to be plugged; however, there’s been no payment for production since 2006. Most recent check stub reflects RI 0.03125.
Note: owner- Alice Klein

PAYNE CO., OK

Mineral #2 a.-b.: 6.384 +/- NMA

a.  Legal:  Seller’s share of minerals in, under, and to 7-18N-3E, Payne Co., OK
Approx. Location: from Stillwater (SH51 & US 177), 4 miles S. on US 177 & 1 mile E.
NMA: 0.384 +/-
Production: appears to be from the Jardot 6/7-18-3E 1WHX (multi-unit horizontal), located in 31-19N-3E w/RI 0.00011549; 07-09/2019 check stub reflects net revenue of $37.96 paid by White Star Petroleum, LLC of OKC, OK; current operator is Contango Resources Inc. of Houston, TX
b.  Legal:  An undivided 1/20 interest of minerals in, under, and to the N/2 SE/4 and the SW/4 SE/4 of 13-18N-2E, Payne Co., OK
Approx. Location: Section NE of above tract a.
NMA: 6 +/-
Lease: appears nonproducing and open for lease
Note: owner- Billy Bruce Stewart

General Statements

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 July 13, 2020. 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.

Auction Results

$19,360