SPRING MINERAL AUCTION

Thursday, April 23, 2020 | 10:00 AM Central

Auction closed.

SPRING MINERAL AUCTION

Thursday, April 23, 2020 | 10:00 AM Central

Auction closed.

Internet Premium: 3%
See Special Terms for additional fees

Clinton,, OK

Description

APPROX. 3,000 AC. OIL & GAS MINERAL RIGHTS TO BE OFFERED AT AUCTION

Hinz Auction and Realty

580-774-7396-Brandon

PLEASE READ: This auction company has requested and been granted access to see all bids placed including any maximum pre-bids. This auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder.

Internet Premium: 3%
Payment Options: Wire Transfer
Payment Instructions: PLEASE READ! BIDDER/BUYER AGREES TO ALL TERMS BELOW! (If you are unable to abide by auction terms please do not bid.) If you have questions on minerals, please call before making a bid! Some lots may be divided into smaller quantity, per the auctioneers decision on the day of sale. Payment: Wire Transfer All payment due in full within 48 hours of Auction (2 business day) - No later than 3 p.m. Monday, June 27, 2020, central time. Contracts will be sent out from the Auction Company via DocuSign and they are required to be executed and returned the same business day (Friday, April 24, 2020). Contract will reflect exact purchase amount of tract purchased. Proxibid does not figure in percentages so quantity is rounded off and may not reflect final selling price. Auctioneer will also include a re-cap and invoice of amount to be wired. 3% On-Line Buyers Premium Applies! Proxibid fees are non-refundable. Wire Transfer Payment. Wire information will be provided in successful bidder e-mail.
Currency Type: USD
Shipping Instructions: None
Preview Date & Times: List of minerals is available on-line @ Proxibid.com and hinzauction.com. Lot list may be adjusted or changed at any time. Check back for the most updated listing
Checkout Date & Times: Invoice will be sent out by Hinz Auctioneers following the auction All contracts and escrow due within 24 hours of receipt of invoice
Location: 23031 N. Frontage Rd, Clinton,, OK 73601
Driving Directions: SALE SITE: From Clinton, OK - go East on I-40 2 miles to Exit #71, then 1/2 mile west on North service road From Weatherford, Ok - go West on I-40 approx. 7 miles to Exit #71, then 1/2 mile west on North service road

Special Terms

Buyer agrees to execute contract within 24 hours of auction - the following business day - Friday, April 24, 2020 - and wire escrow and on-line bidders fee within 48 hours (2 business days) no later than Monday, April 27, 2020 by 3:00 p.m. Copy of contract available on web site @ hinzauction.com - (Upcoming Auctions - Spring Mineral Auction - Terms & Conditions) All buyers are responsible to perform their own title opinion to satisfy themselves as to clear title. Attorney is available to perform title search at buyers expense. Buyer agrees to perform title search in a timely manor and be available to close all transactions by closing date set - Friday, June 10, 2020 by 5:00 p.m. All mineral conveyed with warranty mineral deed. All minerals guaranteed to be as advertised. Any problems or interrupted connections in on-line process may occur. Bidder acknowledges this is an on-site auction and auction company is not responsible for technical difficulties that may interrupt on-line process. AGENTS ONLY: The Auctioneers are acting as the Owner's Agents only. I have read the bidder terms and conditions and hereby agree to the above terms and conditions of auction.

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Pg : 2 of 11

$5.00 x 5 = $25.00 Total

5 nma - 6-22N-5W - Recently Open

$0.25 x 5 = $1.25 Total

5 nma - McClain Co., OK

Lot # 35 (Sale Order: 39 of 274)

Quantity: 5

5 nma - 9-5N-1E - Recently Open

$0.25 x 5 = $1.25 Total

1.2 nma - McClain Co., OK

Lot # 36 (Sale Order: 40 of 274)

1.2 nma - 13-7N-3W - Open

6.25 nma - McClain Co., OK

Lot # 37 (Sale Order: 41 of 274)

Quantity: 6

6.25 nma - 25-7N-3W -OGL 3/16th's

$1.00 x 6 = $6.00 Total

10 nma - Logan Co., OK

Lot # 38 (Sale Order: 42 of 274)

Quantity: 10

10 nma - 8-16N-3W - Open

$750.00 x 10 = $7,500.00 Total

5 nma - Logan Co., OK

Lot # 39 (Sale Order: 43 of 274)

Quantity: 5

5 nma - 20-17N-4W - HBP 1/8th

$1,350.00 x 5 = $6,750.00 Total

5 nma - Alfalfa Co., OK

Lot # 40 (Sale Order: 44 of 274)

Lot # 46 (Sale Order: 50 of 274)

Quantity: 10

10 nma -13-3S-18W - OPEN (Active leasing in Section)

$0.05 x 10 = $0.50 Total

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Pg : 2 of 11

1.178.0.803.1e87e45.12.208

Bid Range	Increment
$0.01 - $0.24	$0.01
$0.25 - $0.49	$0.05
$0.50 - $0.99	$0.10
$1.00 - $4.99	$0.25
$5.00 - $9.99	$0.50
$10.00 - $24.99	$1.00
$25.00 - $99.99	$5.00
$100.00 - $249.99	$10.00
$250.00 - $499.99	$25.00
$500.00 - $999.99	$50.00
$1,000.00 - $4,999.99	$100.00
$5,000.00 - $24,999.99	$250.00
$25,000.00 - $49,999.99	$500.00
$50,000.00 - $99,999.99	$1,000.00
$100,000.00 - $249,999.99	$2,500.00
$250,000.00 - $999,999.99	$5,000.00
$1,000,000.00+	$10,000.00

Category

Selling Format

SPRING MINERAL AUCTION

SPRING MINERAL AUCTION

5 nma - Pittsburg Co., OK

5 nma - Pittsburg Co., OK

5 nma - Pittsburg Co., OK

5 nma - Pittsburg Co., OK

5 nma - Pittsburg Co., OK

5 nma - Kingfisher Co., OK

5 nma - Kingfisher Co., OK

5 nma - Major Co., OK

5 nma - Major Co., OK

5 nma - Garvin Co., OK

1 nma - Grady Co., OK

1 nma - Grady Co., OK

5 nma - Garfield Co., OK

5 nma - McClain Co., OK

1.2 nma - McClain Co., OK

6.25 nma - McClain Co., OK

10 nma - Logan Co., OK

5 nma - Logan Co., OK

5 nma - Alfalfa Co., OK

5 nma - Canadian Co., OK

5 nma - Canadian Co., OK

2 nma - Canadian Co., OK

5 nma - Hughes Co., OK

10 nma - Hughes Co., OK

10 nma - Tillman Co., OK