OIL & GAS INVESTMENT OPPORTUNITY | Oklahoma Producing & Nonproducing Mineral Interests | Garfield, Major, Blaine, & Kingfisher Counties

Auction Information

ONLINE ONLY AUCTION

Auction Date:

Thurs., 02.29.24
| 2:00 P.M.

Auction Managers:

Lynsie Sturgeon

|

580.554.2633

Seller

Kruse Farms LLC; Susan A. Ellis Revocable Trust; & Others

Oklahoma Producing & Nonproducing Mineral Interests

Mineral #1a
50 +/- NMA- Garfield Co., OK

Legal: Undivided ½ interest of minerals in, under, and to the West 100 acres in SW/4 29-24N-7W, Garfield Co., OK
Location: from Carrier, 2 miles N., 2 miles E., & 1 mile N.
NMA: 50 +/-
Production: appears to be from the Dennis #1-29H w/RI 0.02929688; the Dennis #2-29H w/RI 0.02929688; the Dennis #4-29H w/RI 0.02929688, paid by Sandridge Exploration & Production, LLC, OKC, OK  Note: RI decimal is for Seller’s total interest (100 +/- NMA)
2022 1099 Net Revenue (1/2): $6,753.63
2023 Net Revenue (1/2): production from 1/23 thru 10/23 net revenue totals approx. $2,886.85
Source: Check Stubs
Seller: Kruse Farms LLC

Mineral #1b
50 +/- NMA- Garfield Co., OK

Legal: Undivided ½ interest of minerals in, under, and to the West 100 acres in SW/4 29-24N-7W, Garfield Co., OK
Location: from Carrier, 2 miles N., 2 miles E., & 1 mile N.
NMA: 50 +/-
Production: appears to be from the Dennis #1-29H w/RI 0.02929688; the Dennis #2-29H w/RI 0.02929688; the Dennis #4-29H w/RI 0.02929688, paid by Sandridge Exploration & Production, LLC, OKC, OK   Note: RI decimal is for Seller’s total interest (100 +/- NMA)
2022 1099 Net Revenue (1/2): $6,753.63
2023 Net Revenue (1/2): production from 1/23 thru 10/23 net revenue totals approx. $2,886.85
Source: Check Stubs
Seller: Kruse Farms LLC

Mineral #2a
80 +/- NMA- Garfield Co., OK

Legal: Undivided ½ interest of minerals in, under, and to the NE/4 31-24N-7W, Garfield Co., OK
Location: from Carrier, 2 miles N., 2 miles E., & ½ mile N.
NMA: 80 +/-
Lease: appears to be nonproducing & open for lease
Source: Deed
Seller: Kruse Farms LLC 

Mineral #2b
80 +/- NMA- Garfield Co., OK

Legal: Undivided ½ interest of minerals in, under, and to the NE/4 31-24N-7W, Garfield Co., OK
Location: from Carrier, 2 miles N., 2 miles E., & ½ mile N.
NMA: 80 +/-
Lease: appears to be nonproducing & open for lease
Source: Deed
Seller: Kruse Farms LLC 

Mineral #3
80 +/- NMA- Garfield Co., OK

Legal: Minerals in, under, and to the S/2 SW/4 8-23N-7W, Garfield Co., OK
Location: from Carrier, 2 miles E.
NMA: 80 +/-
Lease: appears to be nonproducing & open for lease
Source: Deed
Seller: Kruse Farms LLC

Mineral #4a
77.5 +/- NMA- Garfield Co., OK

Legal: Undivided ½ interest of minerals in, under, and to Lots 1 & 2 and the E/2 NW/4 a/d/a the NW/4 7-22N-8W, Garfield Co., OK
Location: from Lahoma, 1 mile W. & ½ mile N.
NMA: 77.5 +/-
Lease: appears to be nonproducing & open for lease
Source: Deed
Seller: Susan A. Ellis Revocable Trust

Mineral #4b
77.5 +/- NMA- Garfield Co., OK

Legal: Undivided ½ interest of minerals in, under, and to Lots 1 & 2 and the E/2 NW/4 a/d/a the NW/4 7-22N-8W, Garfield Co., OK
Location: from Lahoma, 1 mile W. & ½ mile N.
NMA: 77.5 +/-
Lease: appears nonproducing & open for lease
Source: Deed
Seller: Susan A. Ellis Revocable Trust

Mineral #5a
80 +/- NMA- Major Co., OK

Legal: Undivided ½ interest of minerals in, under, and to the NE/4 4-22N-9W, Major Co., OK
Location: from Meno, 1 mile E. & 1½ miles N.
NMA: 80 +/-
Production: appears to be from the North Meno Unit Tract #01 w/RI 0.12500000, paid by Canvas Energy LLC, OKC, OK  Note: RI decimal is for Seller’s total interest (160 +/- NMA)
2023 Net Revenue (1/2): production from 1/23 thru 4/23 net revenue totals approx. $20.78
Source: Deed & check stubs
Seller: Susan A. Ellis Revocable Trust

Mineral #5b
80 +/- NMA- Major Co., OK

Legal: Undivided ½ interest of minerals in, under, and to the NE/4 4-22N-9W, Major Co., OK
Location: from Meno, 1 mile E. & 1½ miles N.
NMA: 80 +/-
Production: appears to be from the North Meno Unit Tract #01 w/RI 0.12500000, paid by Canvas Energy LLC, OKC, OK  Note: RI decimal is for Seller’s total interest (160 +/- NMA)
2023 Net Revenue (1/2): production from 1/23 thru 4/23 net revenue totals approx. $20.78
Source: Deed & check stubs
Seller: Susan A. Ellis Revocable Trust

Mineral #6
80 +/- NMA- Major Co., OK

Legal: Seller’s share of minerals in, under, and to the N/2 SW/4 4-22N-9W, Major Co., OK
Location: from Meno, 1 ¼ miles N.
NMA: 80 +/-
Production: appears to be from the North Meno Unit Tract #08 w/RI 0.06250000, paid by Canvas Energy LLC, OKC, OK
2023 Net Revenue: production from 1/23 thru 4/23 net revenue total approx. $19.25
Source: Deed & check stubs
Seller: Susan A. Ellis Revocable Trust

Mineral #7
 20.15 +/- NMA- Blaine Co., OK

Legal: An undivided 20.151250 net mineral acres in, under, and to Lot 3 & Lot 4 & the E/2 SW/4 a/d/a the SW/4 19-17N-12W, Blaine Co., OK
Location: from mile line S. of Eagle City, 3 miles E. (NW of Watonga)
NMA: 20.15 +/-
Production: appears to be from the Little Wing 1HX-3019 w/RI 0.00300074, paid by BCE-Mach III, OKC, OK
2023 Net Revenue: production from 1/23 thru 10/23 net revenue totals approx. $2,309.34
Source: Deed & check stubs
Seller: TenEx Technologies, LLC

Mineral #8
 28.33 +/- NMA- Blaine Co., OK

Legal: An undivided 28.33 net mineral acres in, under, and to the SE/4 27-18N-10W, Blaine Co., OK
Location: from hwy curve E. of Hitchcock, 2 miles N. & 3 ½ E.
NMA: 28.33 +/-
Production: appears to be from the Ihrig 1-27 w/RI 0.00315430 & 0.00237955, paid by Cimarex Energy Co., Denver Co.; & the Columbus 34&27-18-10H (Meramec) w/RI 0.00157936, paid by Diversified Production, Canton, OH
2023 Net Revenue: production from 1/23 thru 10/23 net revenue totals approx. $496.97
Source: Deed & check stubs
Seller: Xpand Oil & Gas Solutions LLC

Mineral #9
 Converting ORRI- Kingfisher Co., OK

Legal: Seller’s share of ORRI in the SE/4, Lots 1 & 2 and the S/2 NE/4, Lots 3 & 4 and the S/2 NW/4 4-16N-9W, Kingfisher Co., OK
Location: from Loyal, 5 miles S. & 2 W.
Production: appears to be from the Mosasaurus 4-16N-W 2H, 3H, 4H, 5H, 6H, 7H, 8H, 9H, 11H, & 13H w/ORRI 0.00579227, paid by Devon Energy Production Company, OKC, OK
2023 Net Revenue: production from 1/23 thru 10/23 net revenue totals approx. $7,979.40
Source: Deed & check stubs
Seller: Xpand Oil & Gas Solutions LLC
Converting ORRI Info: Click Here for information provided by Devon Energy Corporation &/or its subsidiaries for accommodation only.

Disclosure & Documents

General Statements

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 15, 2024. 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.