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Oil, Gas, Coal and minor Surface Interests in Kanawha County, WV
Lot Closed
Auction by Joe R. Pyle Complete Auction and Realty Service(3712)
This item is in SHINNSTON, WV
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MINERAL ACREAGE ( 3.0 NET ACRES)Overview of Oil, Gas, Coal and minor Surface Interests in Kanawha County, WV
Item Details
Item Location - CountryUnited States
Item Location - CitySHINNSTON
Item Location - State/ProvinceWest Virginia
CitySHINNSTON
NO RESERVE - SELLS TO THE HIGHEST BIDDER
Oil, Gas, Coal and minor Surface Interests in Kanawha County, West Virginia belonging to the Elsie Q. Giltinan Trust all sold in one bid to the highest bidder
Over 500 aggregate acres! All tracts sold in one combination!
CLICK HERE TO BID: COMING SOON!
Tract #1
375 acres of Mineral Interests – Map 9999, Parcel 0627-4033-0000 (Elk District) **
194 acres of Mineral Interests – Map 9999, Parcel 0627-4024-0000 (Elk District) **
49 acres of Surface and Mineral Interests – Map NOMP, Parcel 0693-8692-0000 (Malden District) **
25 acres of Mineral Interests – Map 999, Parcel 0693-8683-0000 (Malden District) **
Presently with 3 operational and producing oil wells, with appraised estimated expansion to 4 additional wells.
Estimate coal reserves within this tract: 950,000 tons of thermal grade recoverable surface mineable coal in three seams (No. 5 Block, Stockton, Coalburg), 2,000,000 tons of metallurgical grade recoverable deep mine in two seams ( No. 2 Gas and Powellton). Information derived from appraisal relying on WVGES assessments, available upon request.
** This information is derived from public sources and some discrepancy in apparent. Portions of the parcels overlap. The lowest estimate of total acres of interest is believed to be 500 acres, the highest aggregate estimate 643 acres.
Tract #2
45 acres of Coal Interest (no O/G) – Map 9999, Parcel 0735-9075-0000 (Porters Hollow, Charleston South Annex District)
Tract #3
.14 acre of Surface Interest – Map 36, Parcel 0002-0000-0000 (Part of Lot in Keely Estate, Lick Branch, Charleston South Annex District)
Payment
10% down payment due within 48 hours of the close of the auction. If down payment is not made, credit card on file with Proxibid will be charged for the down payment plus a 3% processing fee. Balance due at closing within 60 days. Failure to make the earnest money deposit will result in a dispute filed with Proxibid. We accept Visa, Mastercard & Discover. To pay with American Express you must contact our office following the auction. Your credit card will be charged for the 10% down payment. A pre-auction authorization will be performed to establish available credit. Debit cards may show a hold on funds for a short period of time. Nothing will be charged to your card until a purchase is made. Credit card chargebacks will not be accepted. Invoices will be posted within 24 hours of the close of the Auction. Please check our website for updates on our auctions: www.joerpyleauctions.com. All chargebacks will result in a dispute filed with Proxibid that may impact your ability to bid in other auctions.
All sales are final. Items are sold AS-IS, with no warranty expressed or implied. It is the bidder's responsibility to determine condition, age, genuineness, value or any other determinative factor. Joe R Pyle Auction Service may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations. In no event shall Joe R Pyle Auction Service be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value.
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Auction Details
Oil, Gas, & Coal Interests in Kanawha County, WV5546 Benedum Dr Joe R. Pyle Auctions, SHINNSTON, WV, 26431Wednesday, Mar 4, 2020 | 8:45 AM CST
Auction House
Terms Of Sale
Terms: 15% Buyers Premium. 10% down payment due within 48 hours of the conclusion of the auction. Cash, check and certified fund accepted. Balance due at closing within 60 days.
Announcements sale day take precedence over all advertisements published. 10% Buyers Premium will be added to determine final contract price. Name of purchaser on contract must be the name of the winning bidder or an entity which the winning bidder legally represents. No exceptions. Real estate sold subject to owner confirmation.
AGENCY DISCLOSURE: Joe R. Pyle Auction and Realty Service is acting as Auctioneer/Agent and is an agent for the seller only.
DISCLAIMER: All information regarding the description of this property is derived from sources deemed reliable but not warranted. Information is believed to be correct to the best of auctioneer/agent?s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
Any references to acreage, unless otherwise noted, are derived from public record and are not warranted. Buyers are responsible for conducting their own research prior to bidding.
BUYER/BROKER INFORMATION: Commission will be paid to any properly licensed buyer?s broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available on our website or from the company office. Broker must be registered 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.