980 +/- Net Mineral Acres Garfield, Tulsa, Beaver, Harper, Woodward, Logan Noble, Oklahoma, Pawnee, Payne, Pottawatomie Major, Beckham, Caddo, Cleveland, Custer, & Garvin Co., OK Ellis Co., KS, Madison Co., TX, & Adams Co., CO

March 5th, 2020
| 10:00 A.M.

Auction Location

Springhill Suites
5815 KL Dr, Enid, OK 73703

Auction Manager/s

Lynsie Sturgeon
| 580.554.2633

Garfield Co., OK

Mineral #1 – $29,700
Legal:  An undivided ¼ interest of minerals in, under, and to Lots 1 & 2 & S/2 NE/4, less & except a 10 +/- acre tract, & the SE/4 of 1-20-8W, Garfield Co.,
Approx. Location: from SH 132/Wood Rd. (S. of Drummond), 2 mi. S. on SH 132 & 1 ½ E.
NMA: 73.5 +/-
Production: from McClanahan #1 (TA) completed in the Oswego, no production since 2006, current operator is Renegade Oil & Gas LLC of Helena, OK. Chaparral took new lease dated 7/13/16-2019, with 2 year option to extend, 3/16 royalty.
Note: owner- The Estate of Roger McClanahan

Mineral #2 – $53,900
Legal:  An undivided ¾ interest of participating minerals & an undivided ¼ interest of nonparticipating minerals (royalty rights) in, under, and to the NE/4 of 35-21N-8W, Garfield Co., OK
Approx. Location: from Mineral #1, ½ mi. W. & ½ N.
NMA: 120 +/- of participating & 40 +/- of nonparticipating (royalty rights)
Production: from Ava #3 w/RI 0.00520833 & 0.00260418, 640 acre spaced well drilled in the NW/4 SW/4, completed 1-21-77 in the Mississippi at 70 bbls & 300 mcf
Net Revenue: check stubs reflect $151.05 from 01-05/2019 paid by Riviera Operating, LLC of Houston, TX
Note: owners- The Estate of Roger McClanahan & Jessica Wagner

Mineral #3 – $40,700
Legal:  An undivided ¼ interest of nonparticipating minerals (royalty rights) in, under, and to the NW/4 of 22-21N-7W, Garfield Co., OK
Approx. Location: from SH 132/Wood Rd. (S. of Drummond), 5 mi. E. on Wood Rd. [from US 81/Wood Rd. (Waukomis), 3 mi. W.] & ½ N.
NMA: 40 +/- of nonparticipating (royalty rights)
Production: from Hickman 2107 1MH-22 w/RI 0.00520833 & 0.00260417, 640 acre spacing, producing from the Mississippi formation, completed 3-26-16 at 236 bbl/day & 367 mcf, annual production in 2016 was 9,479 bbls & 76,352 mcf; 2017 was 6,340 bbls & 31,120 mcf; 2018 was 7,694 bbls & 58,714 mcf; & 2019 was 11,824 & 130,329 mcf
Net Revenue: 2019 1099 reflects approx. $8,640.00 paid by Chaparral Energy, LLC of OKC, OK
Note: owners- The Estate of Roger McClanahan & Jessica Wagner

Mineral #4 – $2,530
Legal:  Seller’s share of minerals & minerals interest in, under, and to tracts in NW/4 of 24-21N-7W, Garfield Co., OK described as follows: Beginning at a point 370’ N of center of Sec. 24 thence West 352’, thence South 10’, thence West 572’, thence North 300’, thence East 624’, thence South 40’, thence East 150’, thence South 50’, thence East 150’, thence South 200’, to the POB; and the N/2 of the SE/4 of the NW/4 of Sec. 24-21N-7W; and Beginning 16 rods East of the Southwest corner of the SE/4 of the NW/4 of Sec. 24-21N-7W, thence north 40 roads, thence East 8 roads, thence South 40 rods, thence West 8 rods to the POB.
Approx. Location: from US 81/Hayward Rd. (Waukomis), ½ mi. W.
NMA: 7 +/-
Production: appears to be from an orphaned well named Gift “A”, Gambler Oil Co., last production in 2018, completed 7-18-76 as an oil & gas well producing from the Mississippi
Note: owners- The Estate of Roger McClanahan & Jessica Wagner

Mineral #5 – $36,300
Legal:  An undivided ¾ of minerals & mineral interest in, under, and to the NE/4 of 25-20N-3W, Garfield Co., OK
Approx. Location: from Covington, 8 mi. S. on SH 74 & 6 ½ E.
NMA: 120 +/-
Production: 1/8 lease dated 1972, covering NE/4 & NW/4. Production appears to be from the Isbell #2, located in the NW/4, although the spacing appears to be 160 acres or less. Operator is Gilliland Oil & Gas, Inc. of Hennessey, OK. No recent revenue.
Note: owners- The Estate of Roger McClanahan & Jessica Wagner

Mineral #6
Legal:  All minerals & mineral interest in, under, and to the SE/4 of 20-23N-8W, Garfield Co., OK
Approx. Location: from Lahoma (US 412/Stabe Rd.), 4 mi. N. on Stabe Rd. & ½ E. on Phillips Rd.
NMA: 160 +/-
Lease: appears to be nonproducing & open for lease
Note: will be offered in undivided 40 +/- acre tracts with the buyer’s option to purchase up to 160 +/- acres [owner- The Families of Keith Keesecker & Charles Keesecker]

Tulsa Co., OK

Mineral #7
Legal:  An undivided 17.5 net mineral acres in, under, and to the NW/4 SE/4, SE/4 SE/4 of 25-19N-10E; and Lots 1-3, NW 8.5 acres of Lot 4 & West 3.64 acres of SW 8.64 acres of Lot 4 in 31-19N-11E, Tulsa Co., OK
Approx. Location: from Sand Springs (US 412/ SH 97), 2 ¼ mi. S. on SH 97 & 4 W.
NMA: 17.5 +/-
Lease: appears nonproducing & open for lease
Note: owner- CXC Minerals, LLC

Beaver Co., OK

Mineral #8 – $2,530
Legal:  An undivided 14.87 net mineral acres in, under, and to Lots 1-3, S/2 NE/4, SE/4 NW/4, and SE/4 of 6-3N-26E, Beaver Co., OK
Approx. Location: from Clear Lake, 4 mi. N. & 1 W.
NMA: 14.87 +/-
Production: appears to be from the WJ Overton 1T & Overton 1-6 w/18.75% royalty, spud 11/27/56 on 640 ac. spacing, and operated by Latigo Oil & Gas, Inc.
Note: owner- CXC Minerals, LLC

Mineral #9 – $1,760
Legal:  An undivided 13.101 net mineral acres in, under, and to the SE/4 NE/4, Lots 3, 4, E/2 SW/4, SE/4 of 31-4N-26E, Beaver Co., OK
Approx. Location: section N. of Mineral #8
NMA: 13.101 +/-
Production: appears to be from the Overton A1 & 2 w/12.5% royalty, spud 2/9/57 on 640 ac. spacing, and operated by Latigo Oil & Gas, Inc.
Note: owner- CXC Minerals, LLC

Harper Co., OK

Mineral #10
Legal:  An undivided 25 net mineral acres in, under, and to 5-26N-22W, Harper Co., OK
Approx. Location: from US 183/ SH 149 (E. of Laverne), 4 mi. N. & 1 ½ E.
NMA: 25 +/-
Lease: appears nonproducing & open for lease
Note: owner- CXC Minerals, LLC

Maddison Co., TX

Mineral #11
Legal:  An undivided 7.645 net mineral acres in, under, and to a tract being 30.58 acres, more or less, out of the James Mitchell Survey, A-23, Madison Co., Texas, described in that Quit Claim Deed dated October 11, 1995 from Joyce M. McGill, to Joy McGill recorded in Page 431, Volume 657, recorded in the Deed Records of Madison Co., TX- Property ID: 37268, 30596
NMA: 7.645 +/-
Production: hbp @ 12.5% royalty by Burk Royalty Co. of Wichita Falls, TX
Note: owner- CXC Minerals, LLC

Ellis Co., KS

Mineral #12
Legal:  An undivided 120 net mineral acres in, under, and to the W/2 of 24-13S-20W, Ellis Co., KS
NMA: 120 +/-
Lease: appears to be nonproducing & open for lease
Note: will be offered in 40 +/- acre tracts with buyer’s choice to purchase up to 120 +/- acres | owner- CXC Minerals, LLC

Adams Co., CO

Mineral #13 – $4,400
Legal:  An undivided 80 net mineral acres in, under, and to the SW/4 EXCEPT the Westerly 30 feet and the Southerly 30 feet thereof in Section 5 and All of Section 6 EXCEPT any portion thereof lying within existing County roads in T1S-R58W of 6th P.M, Adams Co., CO
NMA: 80 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- CXC Minerals, LLC

Woodward Co., OK

Mineral #14
Legal:  An undivided 30 net mineral acres in, under, and to the W/2 SW/4 24-23N-22W, Woodward Co., OK
Approx. Location: from Woodward Airport, approx. 1 mile N.
NMA: 30 +/-
Lease: 3/16 lease to BMR II, LLC as Successor in Interest to Schonwald Land Inc. of OKC, OK, dated 1/3/2018 for a term of 3 years with 2 year option to extend
Note: owner- CXC Minerals, LLC

Mineral #15
Legal:  An undivided 20 net mineral acres in, under, and to the SE/4 33-22N-19W, Woodward Co., OK
Approx. Location: from US 412/SH 50 (W. of Mooreland), 6 ½ miles S. on SH 50
NMA: 20 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Terre Verte Company, Inc.

Logan Co., OK

Mineral #16 – $3,300
Legal:  An undivided 23.351 net mineral acres in, under, and to part of the N/2 NE/4 of 29-17N-1W, Logan Co., OK
Approx. Location: from Guthrie (I-35/SH 33), approx. 4 miles NE on SH 33
NMA: 23.351 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- First Bank & Trust Company of Perry, OK

Mineral #17 – $2,200
Legal:  An undivided 12.11 net mineral acres in, under, and to 1-15N-2W, Logan Co., OK
Approx. Location: from Guthrie (I-35/Seward Rd.), 1 ½ miles E.
NMA: 12.11 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Seller will provide ownership report, if desired.

Noble Co., OK

Mineral #18 a.-d.: 12.99 +/- NMA – $3,575

a. Legal:  An undivided 6.66 net mineral acres in, under, and to 17-22N-1E, Noble Co., OK
Approx. Location: from US 412/US 77, 3 miles E. on US 412 & ¼ mile S.
NMA: 6.66 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Seller will provide ownership report, if desired.

b. 
Legal:  An undivided 3.33 net mineral acres in, under, and to 21-22N-1E, Noble Co., OK
Approx. Location: Section SE of above tract
NMA: 3.33 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Seller will provide ownership report, if desired.

c. Legal:  An undivided 1.5 net mineral acres in, under, and to 1-21N-3E, Noble Co., OK
Approx. Location: from US 412/US 64 (Morrison Exit), 3 ½ miles NE on US 64
NMA: 1.5 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Seller will provide ownership report, if desired.

d. Legal:  An undivided 1.5 net mineral acres in, under, and to 28-22N-2E, Noble Co., OK
Approx. Location: from US 412/US 177, 1 ½ miles S. on US 177 & 1 W.
NMA: 1.5 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. RSMC LLC pooled & spaced section 11-22N-2E.

Mineral #19 – $3,850
Legal:  An undivided 20 net mineral acres in, under, and to 20-20N-1W, Noble Co., OK
Approx. Location: from I-35/ US 77 (Perry), 5 miles S. on I-35
NMA: 20 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Will be offered in 10 +/- acre tracts with buyer’s choice to purchase up to 20 +/- acres. Charter Oak Production has pooled section 6-20N-1W (2019). Lease to Three Sands Oil Company expired in 2017. Seller will provide ownership report, if desired.

Oklahoma Co., OK

Mineral #20 – $550
Legal:  An undivided 2 net mineral acres in, under, and to 21-11N-1W, Oklahoma Co., OK
Approx. Location: near I-40/I-240
NMA: 2 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC

Pawnee Co., OK

Mineral #21
Legal:  An undivided 1.25 net mineral acres in, under, and to 7-21N-4E, Pawnee Co., OK
Approx. Location: near Lela, OK
NMA: 1.25 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC

Payne Co., OK

Mineral #22 a.-d.: 12.27 +/- NMA – $1,375

a. Legal:  An undivided 0.5 net mineral acres in, under, and to 35-18N-1E, Payne Co.,OK
Approx. Location: from US 177/SH 33 (Perkins), 6 miles W. on SH 33
NMA: 0.5 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. White Star Petroleum pooled multiple section in 2018. Seller will provide ownership report, if desired.

b. Legal:  An undivided 1.285 net mineral acres in, under, and to 2-18N-4E, Payne Co., OK
Approx. Location: from Ripley, 2 ½ N. & 3 E.
NMA: 1.285 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. White Star Petroleum pooled multiple sections in 2018. Seller will provide ownership report, if desired.

c. Legal:  An undivided 5.485 net mineral acres in, under, and to 4-18N-6E, Payne Co., OK
Approx. Location: from Yale, 2 miles S.
NMA: 5.485 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Seller will provide ownership report, if desired.

d. Legal:  An undivided 5 net mineral acres in, under, and to 26-19N-3E, Payne Co., OK
Approx. Location: from Stillwater (US 177/ SH 51), 5 miles E. & 1 S.
NMA: 5 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Seller will provide ownership report, if desired.

Woodward Co., OK

Mineral #23 – $990
Legal:  An undivided 2.88 net mineral acres in, under, and to 15-21N-17W, Woodward Co., OK
Approx. Location: from Cedardale, 1 mile S.
NMA: 2.88 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC

Pottawatomie Co., OK

Mineral #24 $687.50
Legal:  An undivided 2.85 net mineral acres in, under, and to 1-11N-4E, Pottawatomie Co., OK
Approx. Location: from Johnson, 3 miles N.
NMA: 2.85 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC

Major Co., OK

Mineral #25
Legal:  An undivided 4.7 net mineral acres in, under, and to 18-20N-15W, Major Co., OK
Approx. Location: from Chester, 4 miles E.
NMA: 4.7 +/-
Lease: 3/16 lease to Myriad Energy for 3 year term, expiring 3/9/2022, w/2 year option. Sandridge has built drilling pad. Offset from the Penolope 1-19-30HZ, drilled by Sandridge in 2017, which had initial production of 1,000 barrels of oil per day.
Note: owner- Vertical Energy, LLC

Beckham Co., OK

Mineral #26 – $2,640
Legal:  An undivided 13.2 net mineral acres in, under, and to 24-9N-22W, Beckham Co., OK
Approx. Location: from Carter, 1 mile N. & 1 E.
NMA: 13.2 +/-
Production: hpb by Four-Pointe Energy, 1/8 royalty
Note: owner- Vertical Energy, LLC

Caddo Co., OK

Mineral #27 – $1,100
Legal:  An undivided 6 net mineral acres in, under, and to 23-5N-10W, Caddo Co., OK
Approx. Location: from Cyril, 1 mile W.
NMA: 6 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC

Cleveland Co., OK

Mineral #28 a.-c.: 6.96 +/- NMA – $1,100

a. Legal:  An undivided 3.79 net mineral acres in, under, and to 32-7N-1E, Cleveland Co., OK
Approx. Location: from Lexington, 6 miles E. & 1 N.
NMA: 3.79 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC

b. Legal:  An undivided 1.67 net mineral acres in, under, and to 9-10N-1E, Cleveland Co., OK
Approx. Location: from Stella, 2 miles N.
NMA: 1.67 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC

c. Legal:  An undivided 1.5 net mineral acres in, under, and to 21-7N-1W, Cleveland Co., OK
Approx. Location: from Slaughterville, 1 mile S. & 1 E.
NMA: 1.5 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC

Custer Co., OK

Mineral #29 a.-b.: 5 +/- NMA 

e. Legal:  An undivided 3.5 net mineral acres in, under, and to 11-12N-18W, Custer Co., OK
Approx. Location: from Clinton, 4 W. on SH 73 & 1 N.
NMA: 3.5 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Horizontal drilling/leasing activity in area. Seller will provide ownership report, if desired.

f. Legal:  An undivided 1.5 net mineral acres in, under, and to 14-12N-18W, Custer Co., OK
Approx. Location: Section S. of above tract
NMA: 1.5 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Horizontal drilling/leasing activity in area. Seller will provide ownership report, if desired.

Garvin Co., OK

Mineral #30 a.-h.: 4.2 +/- NMA – $990

a. Legal:  An undivided 0.22 net mineral acres in, under, and to 20-3N-1W, Garvin Co., OK
Approx. Location: from Pauls Valley Airport, 4 miles W.
NMA: 0.22 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Horizontal activity in area.

b. Legal:  An undivided 0.25 net mineral acres in, under, and to 21-3N-1W, Garvin Co., OK
Approx. Location: Section E. of above tract
NMA: 0.25 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Horizontal activity in area.

c. Legal:  An undivided 1.31 net mineral acres in, under, and to 25-3N-1W, Garvin Co., OK
Approx. Location: Section SW of Pauls Valley Airport
NMA: 1.31 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Horizontal activity in area.

d. Legal:  An undivided 0.63 net mineral acres in, under, and to 27-3N-1W, Garvin Co., OK
Approx. Location: Section SE of above tract b.
NMA: 0.63 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC. Horizontal activity in area.

e. Legal:  An undivided 0.13 net mineral acres in, under, and to 9-3N-2E, Garvin Co., OK
Approx. Location:  from US 77/ SH 19 (Pauls Valley), 7 miles E. & 2 S.
NMA: 0.13 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC.

f. Legal:  An undivided 0.28 net mineral acres in, under, and to 6-2N-1E, Garvin Co., OK
Approx. Location: from Pauls Valley Airport, 2 S. on I-35
NMA: 0.28 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC

g. Legal:  An undivided 0.13 net mineral acres in, under, and to 8-2N-1E, Garvin Co., OK
Approx. Location: Section SE of above tract f.
NMA: 0.13 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC

h. Legal:  An undivided 1.25 net mineral acres in, under, and to 8-2N-1E, Garvin Co., OK
Approx. Location: Same section as above tract g.
NMA: 1.25 +/-
Lease: appears to be nonproducing & open for lease
Note: owner- Vertical Energy, LLC

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 April 20, 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.