638 +/- Net Mineral Acres in 6 Tracts Garfield, Alfalfa, & Noble Co., OK

August 20, 2021
| 10:00 A.M.

Auction Location

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

Auction Manager/s

Lynsie Sturgeon
| 580.554.2633

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

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 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.