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120 Net Mineral Acres (Harper Co, KS)
120 Net Mineral Acres (Harper Co, KS)

120 Net Mineral Acres (Harper Co, KS)

Lot Closed

This item is in Alva, OK

Similar Items

Overview of 120 Net Mineral Acres (Harper Co, KS)

Item Details

120 net ac. Sec 27-32S-5W (SW/4) 3/16th lease to Sandridge Energy (Exp. 12-21-2013)

Payment

Online Bidding requires a "Registration Deposit" to be able to bid on the internet, either before or during the auction. All mineral purchases in this event require the winning bidder(s) to sign the purchase agreements and place ten percent (10%) of the total contract price (with buyers premium added) into escrow. Payment can be made by (cash, cashiers check, company check with approval, and wire transfer). The full balance of the purchase price will be due at closing and will be paid in certified funds.
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Auction Details

Mississippian Lime Oil & Gas Mineral AuctionAlva Recreation Complex, 1887 Goldbug Blvd., Alva, OK, 73717Friday, Nov 30, 2012 | 10:00 AM CST

Terms Of Sale

SPECIAL ANNOUNCEMENT: several of the mineral tracts in this auction have a decimal amount in the number of Net Mineral Acres (e.g. 229.95 acres). Proxibid's bidding platform does not allow percentage amount of acres to be placed in the system. The acres will be offered at auction on a "per acre" basis and the winning bid will be calculated on the "actual stated acres" in the description. REGISTRATION: Terms and Conditions for those attending the live auction in person, onsite registration will take place at the auction location at 9:00am (central time). A Photo ID is required to register for this event. All Buyers (attending live and online) are required to sign the purchase agreement and place 10% of the total contract price in escrow (cash, approved check or wire transfer), immediately following the auction, with the balance due at closing. Buyers unknown to Auction Company are required to provide bank letter of credit or certified funds at auction. All properties are offered subject to Seller’s confirmation and are subject to prior sale. BUYERS PREMIUM: ONSITE: A Buyers Premium of 5% (charged to Buyer) will be added to the high bid to determine the total contract price. example: (winning high bid is $100,000 + 5% = total contract price of $105,000) ONLNE: An Online Buyers Premium of 6% (charged to Buyer) will be added to the high bid to determine the total contract price. example: (winning high bid is $100,000 + 6% = total contract price of $106,000) INTERNET BIDDING: Internet-Online bidding is available through Proxibid for Absentee Bidders unable to attend the live auction. In order to bid online, bidders are required to pre-register and wire-transfer a REGISTRATION DEPOSIT of Ten Thousand Dollars ($10,000), which must be received at least 2 days prior to auction. An additional 1% Internet Buyer’s Premium will be charged to Online Bidders (charged by online auction software company). Please contact the auction company for Online Registration details and wire transfer instructions for the Registration Deposit. The Auction company, it's agents, employees or employers shall be held liable in the event of internet connection failure during online bidding. Any and all bidders which desire to utilize this service are hereby notified that internet connectivity and software failure can interfere with a bidders ability to bid. TITLE: Properties will transfer by Mineral Deed (without warranty) and subject to oil and gas leases of record. Abstracts and/or title documentation will not be provided. It shall be the Buyer’s sole responsibility to perform their own research, due diligence and examination of all records on properties to satisfy themselves as to the condition of title. Buyers are encouraged and advised to review title on any properties they are interested in, prior to the auction. All information is taken from sources believed reliable; however, no guarantee is made by the auction company, agents, or their employer. Any announcements made the day of sale take precedence. SECURITIES DISCLAIMER: This auction is not an offer to buy or sell securities. MineralMarketing.Com is not a licensed U.S. Securities Broker or Dealer, nor a U.S. Investment Adviser. Anyone doing business with MineralMarketing.Com is hereby advised to conduct their own due diligence and consult with a licensed securities and/or investment professional before making any investment decisions. This includes purchases made at the above mentioned auction event. CONTACT INFORMATION: For more information or to receive an auction brochure please contact MineralMarketing.Com. Email inquiries can be sent to info@mineralmarketing.com Phone inquiries can be made to: ** Ryan Choate 405-612-4249 ** Shane Terrel 580-327-7889 ** Shawn Terrel 580-747-6068 National Headquarters - Alva, Oklahoma (580-327-4440) --INFORMATION IS SUBJECT TO CHANGE PRIOR TO AUCTION— --WATCH OUR SITE FOR UPDATES--- www.MineralMarketing.Com The Oil & Gas Marketplace
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