SPRING MINERAL AUCTION

Wednesday, April 6, 2022 | 10:00 AM Central

Auction closed.

SPRING MINERAL AUCTION

Wednesday, April 6, 2022 | 10:00 AM Central

Auction closed.

Internet Premium: 5%
See Special Terms for additional fees

Weatherford, OK

Description

APPROX. 1,200 AC. OIL & GAS MINERALS

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: 5%
Participation Requirements: Valid Credit Card required for bidding approval
Payment Options: Visa, MasterCard, Discover, American Express, Check, and Wire Transfer
Visa MasterCard Discover American Express
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: Company Check for established buyers - Wire Transfer or Credit Card (additional 4% convenience fee) All escrow & buyers fees payment due in full within (1 business day) - No later than 3 p.m. Friday, April 8, central time. Contracts will be sent out from the Auction Company on sale day or following business day via DocuSign and they are required to be executed and returned within 24 hours (1 business day). 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. Closing costs will be incurred by buyer from closing agent. Review the contract on for estimation of costs (contract available @ hinzauction.com) Auctioneer will also include a re-cap and invoice of amount to be wired. 5% On-Line Buyers Premium Applies! Buyers fees are non-refundable. Repeat Buyers - company check accepted. First time buyers - Wire Transfer Payment. Wire information will be provided in successful bidder e-mail. If paying by credit card - inform auction company when invoice is received. We do not have access to your personal credit card info obtained by Proxibid and buyer will need to provide that information.
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 Copy of contract to be used is available @ hinzauction.com
Checkout Date & Times: Invoice will be sent out by Hinz Auctioneers following the auction to reflect total purchase price All contracts and escrow due within 24 hours of receipt of invoice Contracts must be executed via DocuSign
Location: 3000 Logan Road, Weatherford, OK 73096
Driving Directions: SALE SITE: 3000 Logan Road, Weatherford, OK 73096 I-40 Ext #84 (East of Weatherford, OK) then 1/2 mile West to the Thomas Stafford Airport

Special Terms

Buyer agrees to execute contract and wire escrow funds within 24 hours of receiving contract - the following business day - Friday, April 8. Company Check accepted from established buyers. Credit Card Payment accepted with 4% convenience fee (in addition to on-line buyers fee) Wire Transfer within 1 business day to: Wire to: Receiving Bank: The Bankers Bank OK 9020 N. May Avenue, Ste. 200 Oklahoma City, OK 73120 ABA # 103003616 Beneficiary Identifier: #126098 Beneficiary Name: Hinz Auction & Real Estate-Escrow Further Credit: Bank of Western Oklahoma 201 E. Broadway Elk City, OK 73644 ABA # 103101602 Bank of Western Oklahoma Contact Information: (580) 225-3434 Attn: Michelle Anderson Contracts will be sent out by Hinz Auctioneers via Docusign for execution the following business day of the auction. By participating and biding on-line - buyer agrees to terms and condition of contract used by Hinz Auctioneers. Copy of mineral contract is available @ hinzauction.com. 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 manner and be available to close all transactions by closing date set - Monday, May 2 by 5:00 p.m. All mineral conveyed with limited warranty mineral deed. All minerals guaranteed to be as advertised and held by terms set forth in contract. Buyer will incur standard closing cost from closing agent. (Review contract @ hinzauction.com for an estimate of additional fees) 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. Or Call Hinz Auctioneers after the auction or 580-774-9866 (Nancy) - 580-774-7396 (Brandon) - 580-774-4644 (Jimmie) 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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Jackson Co., OK - 20 nma

Lot # 25 (Sale Order: 26 of 120)

Quantity: 20

20 nma in N/2 S35-T3N-R23W, Open

Payne Co., OK - 2.25 nma

Lot # 26 (Sale Order: 27 of 120)

Quantity: 2

2.25 nma in Various in S31 & S32-T19N-R1E, Open

McIntosh Co., OK - 5 nma

Lot # 27 (Sale Order: 28 of 120)

Quantity: 5

5 nma in Various in S3-T9N-R16E, Open

McIntosh Co., OK - 22.12 nma

Lot # 28 (Sale Order: 29 of 120)

Quantity: 22

22.12 nma in Various in S18-T12N-R15E, Open

Caddo Co., OK - 5 nma

Lot # 29 (Sale Order: 30 of 120)

Quantity: 5

5 nma in 2.50 NMA in NW/4 (leased at 1/8) & 2.50 NMA in SW/4 (leased at 1/6) of S29-T11N-R13W, HBP @ 1/8 & 1/6 - Mark L. Shidler, Inc.: Chisum 1-29 & 2-29 (.113932% RI)

$50.00 x 5 = $250.00 Total

Caddo Co., OK - 13.3333 nma

Lot # 30 (Sale Order: 31 of 120)

Quantity: 13

13.3333 acres in 1-12N-12W, HBP / Unit Petro / 5 wells @ 18.75% RI

$375.00 x 13 = $4,875.00 Total

Caddo Co., OK - 13.7083 nma

Lot # 31 (Sale Order: 32 of 120)

Quantity: 13

13.7083 acres in 4-12N-12W, HBP / Teocalli Exp / Byrum #1-4 @ 18.75% RI

$1,900.00 x 13 = $24,700.00 Total

Caddo Co., OK - 10 nma

Lot # 32 (Sale Order: 33 of 120)

Quantity: 10

10 acres in 5-12N-12W, HBP / Teocalli Exp / Opal Majors 1*Likely unleased, well not produced since 2017 @ 18.75% RI

$325.00 x 10 = $3,250.00 Total

Caddo Co., OK - 10 nma

Lot # 33 (Sale Order: 34 of 120)

Quantity: 10

10 acres in 11-12N-12W, HBP / Unit Petro / 6 wells @ 12.50% RI @ 12.50% RI

$400.00 x 10 = $4,000.00 Total

Caddo Co., OK - 7.146 nma

Lot # 34 (Sale Order: 35 of 120)

Quantity: 7

7.146 acres in 18-12N-12W, HBP / Unit Petro / Jenna #1 @ 18.75% RI

$1,650.00 x 7 = $11,550.00 Total

Caddo Co., OK - 10 nma

Lot # 35 (Sale Order: 36 of 120)

Quantity: 10

10 acres in 21-12N-12W, HBP / Urban O&G / Meriwether 1-21 @ 18.75% RI

$1,600.00 x 10 = $16,000.00 Total

Caddo Co., OK - 1.6667 nma

Lot # 36 (Sale Order: 37 of 120)

1.6667 acres in 26-12N-12W, HBP / Edinger Eng. / Coffey 1-26 @ 18.75% RI

Caddo Co., OK - 10 nma

Lot # 37 (Sale Order: 38 of 120)

Quantity: 10

20 acres in 27-12N-12W, HBP / Urban O&G / Brooks 1 and 2 @ 18.75% RI

$1,600.00 x 10 = $16,000.00 Total

Caddo Co., OK - 10.0925 nma

Lot # 38 (Sale Order: 39 of 120)

Quantity: 10

10.0925 acres in 16-11N-12W, unleased

$1,800.00 x 10 = $18,000.00 Total

Caddo Co., OK - 10 nma

Lot # 39 (Sale Order: 40 of 120)

Quantity: 10

10 acres in 27-11N-12W, unleased

$1,700.00 x 10 = $17,000.00 Total

Caddo Co., OK - 10 nma

Lot # 40 (Sale Order: 41 of 120)

Quantity: 10

10 acres in 28-11N-12W, unleased below 13,350 ft. (Red Fork formation), HBP on 3/16 surface to 13,350 ft. @ 18.75% RI

$50.00 x 10 = $500.00 Total

Caddo Co., OK - 7.012 nma

Lot # 41 (Sale Order: 42 of 120)

Quantity: 7

7.012 acres in 1-11N-13W, unleased

$1,800.00 x 7 = $12,600.00 Total

Caddo Co., OK - 10.3268 nma

Lot # 42 (Sale Order: 43 of 120)

Quantity: 10

10.3268 acres in 19-11N-13W, unleased

$1,900.00 x 10 = $19,000.00 Total

Caddo Co., OK - 6.38355 nma

Lot # 43 (Sale Order: 44 of 120)

Quantity: 6

6.38355 acres in 28-9N-13W, unleased

$0.01 x 6 = $0.06 Total

Jefferson Co., OK - 2 nma

Lot # 44 (Sale Order: 45 of 120)

Quantity: 2

2 nma in W/2 NE/4 & E/2 NW/4 S13-T6S-R4W, Open

Johnston Co., OK - 2.5 nma

Lot # 45 (Sale Order: 46 of 120)

Quantity: 2

2.5 nma in Lots 1 & 2 and E/2 NW/4 of S30-T1S-R7E, Open

Johnston Co., OK - 10 nma

Lot # 46 (Sale Order: 47 of 120)

Quantity: 10

10 nma in SE/4 NW/4, NE/4 SW/4, NE/4 SW/4 SW/4 S24-T2S-R8E, Open

Carter Co., OK - 15 nma

Lot # 47 (Sale Order: 48 of 120)

Quantity: 15

15 nma in Various Legals: 5.00 NMA each in S4-T5S-R3E, S18-T5S-R2E, and S24-T4SR2E, Open

McIntosh Co., OK - 5 nma

Lot # 48 (Sale Order: 49 of 120)

Quantity: 5

5 nma in N/2 SE/4 SE/4 S9-T10N-R17E, Open

$175.00 x 5 = $875.00 Total

Alfalfa Co., OK - 2 nma

Lot # 49 (Sale Order: 50 of 120)

Quantity: 2

2 nma in W/2 NE/4 & SE/4 NE/4 S25-T25N-R9W, Open

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1.178.0.761.2502f97.13.118

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

Jackson Co., OK - 20 nma

Payne Co., OK - 2.25 nma

McIntosh Co., OK - 5 nma

McIntosh Co., OK - 22.12 nma

Caddo Co., OK - 5 nma

Caddo Co., OK - 13.3333 nma

Caddo Co., OK - 13.7083 nma

Caddo Co., OK - 10 nma

Caddo Co., OK - 10 nma

Caddo Co., OK - 7.146 nma

Caddo Co., OK - 10 nma

Caddo Co., OK - 1.6667 nma

Caddo Co., OK - 10 nma

Caddo Co., OK - 10.0925 nma

Caddo Co., OK - 10 nma

Caddo Co., OK - 10 nma

Caddo Co., OK - 7.012 nma

Caddo Co., OK - 10.3268 nma

Caddo Co., OK - 6.38355 nma

Jefferson Co., OK - 2 nma

Johnston Co., OK - 2.5 nma

Johnston Co., OK - 10 nma

Carter Co., OK - 15 nma

McIntosh Co., OK - 5 nma

Alfalfa Co., OK - 2 nma