{"message":"In _app.tsx at root","renderCount":1}
{"message":"In _app.tsx child child of NextIntlProvider","renderCount":1}
{"message":"In _app.tsx child of hammerui provider","renderCount":1}
{"message":"In layout.tsx top level","renderCount":1}
{"message":"In layout.tsx sibling to main","renderCount":1}
{"message":"In _app.tsx child of Layout","renderCount":1}
Woods Co., OK - 17.75 Mineral Acres
Woods Co., OK - 17.75 Mineral Acres

Woods Co., OK - 17.75 Mineral Acres

Lot Closed

This item is in Enid, OK

Similar Items

Overview of Woods Co., OK - 17.75 Mineral Acres

Item Details

UNDIVIDED 14 NET ACRES IN SE/4 SEC. 10 AND UNDIVIDED 1.25 NET AGRES IN S/2 SE/4 SEC. 11 AND UNDIVIDED 2.5 NET ACRES IN N/2 NE/4 AND E/2 NW/4 SEC. 14 ALL IN 28N-19W (TOTAL 17.75 NET MINERAL ACRES) ALL LEASED TO SANDRIDGE 6/09/11 FOR 3 YEARS AT 3/16. LEASE HAS NO DEDUCT AND DEPTH CLAUSES; NO OPTION TO EXTEND LEASE. AND NO.RIGHT TO MATCH TOP LEASE OFFERS. SANDRIDGE CURRENTLY DRILLING OR FILED INTENT IN SECTONS 4, 9 AND 18 - ALL ARE WITHIN ONE MILE OFFSETS, ALL ARE HORIZONTAL WELLS (DEPTHS UNKNOWN - EITHER APPROX. 7200 OR APPROX. 11,000+)

Payment

Please contact the auction house for payment instructions. Personal or Business Checks will need to accompany a Bank Letter of Guarantee. A 3% buyers premium will be added to the high bid to establish the total purchase price. Internet bidders will need to register with the auction company 2 or more days prior to the auction event. Wiggins Auctioneers require a $50K bank letter of guarantee and the contact information for the registering bidders financial institution. Bank Letter of Guarantee can be faxed to Wiggins Auctioneers, LLC at 580-237-4915. Specific requirements can be waived for individuals that are already established customers with Wiggins Auctioneers L.L.C., by contacting the auction company.
CheckWire Transfer

Auction Details

Mineral AcresChisholm Trl Pavilion, Garfield Co. Fairgrounds, Enid, OK, 73701Wednesday, Mar 7, 2012 | 10:00 AM CST

Terms Of Sale

NEW INFORMATION CONCERNING TERMS ADDED MARCH 5, 2012: Mineral Auction Wednesday, March 7, 2012 10:00 A.M. Terms & Conditions: 10% of the purchase price is to be placed in escrow the day of the auction. Buyers may use a personal or company check. Buyers will have until March 22, 2012, to examine the county records and satisfy themselves as to title. In the event the title examination reflects acreages different from that disclosed on the date of sale, the purchase price shall be prorated for the lesser acreage. Minerals will be transferred by a Limited Warranty Mineral Deed and/or appropriate assignment for the type of interest being conveyed. 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 regarding the minerals being offered prior to auction day. Any announcements made the day of the auction supersede all advertising. Closing: Closing is to be on or by April 9, 2012. The closing agent is Fairview Abstract Company. Their phone number is (580) 227-4524. The closing/escrow fee is $300.00 and is to be paid ½ by the Seller and ½ by the Buyer. Closing shall be at Fairview Abstract Company, 116 E. Broadway St., Fairview, Oklahoma, 73737, unless parties agree to another place of closing. Additional Available Information - Lots 101 thru 114 (except Lot 113); & Lots 201 thru 215: Successful bidders of Atchinson Caprock Properties will be provided with a packet of detailed title history. In addition, they may call Court Atchinson, Manager of Atchinson Caprock Reserves, LLC at 580-237-4454 with questions they may have concerning the properties or title. It is expressly understood by the Seller and Buyer that Wiggins Auctioneers, LLC and their agents do not warrant the present or future value, the size or area, or the condition of the title to any of the lots being offered, nor do they hold themselves out to being experts in any of these areas, and the parties agree to hold Wiggins Auctioneers, LLC and their agents harmless of any claims arising from any representation or misrepresentation relating to such matters. Confirmation: The sale of each lot is subject to confirmation by the Seller(s). Seller(s) expressly reserve the right to accept or reject the high bid at the auction. Buyer’s Premium: A 10% Buyer’s premium will be added to the high bid in the auction to determine the purchase price for each lot. Internet Buyers Only: In order to save you the time and expense of traveling to the auction site, this auction is being broadcast live on proxibid.com. Proxibid has a 3% buyer’s fee for this service. Neither Auction Company nor Seller is responsible in the event of loss signal by either side. Internet bidders will need to register with the auction company 2 or more days prior to the auction event. Wiggins Auctioneers require a bank letter of guarantee and the contact information for the registering bidders financial institution. Bank Letter of Guarantee can be faxed to Wiggins Auctioneers, LLC at 580-237-4915. Specific requirements can be waived for individuals that are already established customers with Wiggins Auctioneers L.L.C., by contacting the auction company. Neither the auction company nor the seller(s) are responsible for loss of internet signal. A 10% down payment will be required from any winning bidder, immediately following the auction event. These funds shall be wire transferred to Wiggins Auctioneers Trust Account at the Central National Bank and Trust Company in Enid, OK. Specific routing numbers and details will be given to the winning bidder immediately following the auction event. A 1% buyers premium will be added to the high bid to establish the total purchase price. Buyer shall provide the balance of the full purchase price and Seller shall provide merchantable title to the Buyer at the time of closing, within approximately 30 days, according to the Terms and Conditions of the purchase contract. Any information contained in this site is subject to the terms and conditions of the PURCHASE CONTRACT. Contact the Auction Company for a copy of the purchase contract prior to auction. Any announcements made the day of the auction supersede all previous advertising Potential Buyers are encouraged to inspect the property prior to the auction, and to contact Wiggins Auctioneers with any questions related to the auction. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or it's employers. It is the buyers responsibility to satisfy themselves as to acreages, crop bases, etc.. prior to the day of auction. This sale is subject to confirmation by the seller. Seller expressly reserves the right to accept or reject any and all bids at the auction. Order of Auction: The tracts will be offered in the order as listed. The Auctioneer will recognize and announce the final bid on each tract. All final bid prices are subject to the sellers acceptance or rejection at the conclusion of the auction. This Property is being sold AS IS. Over 1,400 Acres of Producing & Non-Producing Minerals Eighteen Counties in Oklahoma & One County in Texas Date: Wednesday, March 7, 2012 Time: 10:00 A.M. CST Location: Meeting Room #1 in the Pavilion of the Chisholm Trail Expo Center, 111 W. Purdue, Enid, OK Auction Manager: Perry Wiggins * 580-233-3066 Non-Producing Minerals: 1. 5.713 acres, Caddo Co., OK: In NW/4 & N/2 SW/4 of 9-6N-11W. Open for lease. 2. 4 Mineral Acres, Cleveland Co., OK: 1 acre in NW/4 of 3-10N-1E, 2 acres in N/2 SE/4 of 4-10N-1E, 1 acre in NE/4 of 10-10N-1E. Open for lease. 3. 10.048 Acres, Creek/Seminole Co., OK: 5 acres in NW/4 of 20-15N-8E, Creek Co. and 5.048 acres in W/2 NW/4 of 19-9N-8E, Seminole Co. Open for lease. 4. 10 Acres, Garfield Co., OK: SE/4 of 27-24N-7W. Leased to Sandridge, 6/09/11, 3 yrs, 3/16th. Now pooling & spacing for 640 horizontal. 5. 7.5 Acres, Stephens Co., OK: In W/2 NW/4 and SE/4 NW/4 and W/2 NW/4 SW/4 and NE/4 SW/4 and N/2 SE/4 and S/2 S/2 NE/4 in 36-2N-4W. Leased to Newfield, 9/4/11, 3 yrs, 3/16th 6. 10 Acres, Woods Co., OK: in N/2 N/2 of 23-28N-19W. Leased to Sandridge 6/09/11, 3 yrs, 3/16th 7. 10 Acres, Woods Co., OK: in all of 13-28N-19W. Leased to Sandridge 6/09/11, 3 yrs, 3/16th 8. 20.216 Acres, Woods Co., OK: in Lots 3 & 6 & SE/4 NW/4 & NE/4 SW/4 of 6-28N-18W. Leased to Sandridge 6/09/11, 3 yrs, 3/16th. Will be offered in 2 lots of 10.108 acres each. 9. 17.75 Acres, Woods Co., OK: 14 acres in SE/4 Sec. 10; 1.25 acres in S/2 SE/4 Sec. 11; 2.5 acres in N/2 NE/4 & E/2 NW/4 Sec. 14; all in 28N-19W. Leased to Sandridge 6/09/11, 3 yrs, 3/16th 10. 22 Acres, Woods Co., OK: in SE/4 & S/2 NE/4 & NW/4 NE/4 & E/2 NW/4 & N/2 SW/4 of 11-26N-17W. Non-producing – held by production in another section. Will be offered in 2 lots of 11 acres each. 11. 6 Acres, Woods Co., OK: in SW/4 NW/4 & W/2 SW/4 of 12-26N-17W. Non-producing, but held by production. 12. 5 Acres, Major Co., OK: in NE/4 of 23-23N-10W. Two wells in quarter – 1 plugged & 1 to be plugged soon & lease released. Will have letter soon. 13. 40 Acres, Major Co., OK:in E/2 NW/4 of 30-21N-9W. Leased 12/11 to Springer Land Service, 3 yrs, 3/16th. Will be offered in 4 lots of 10 acres each. 14. Blaine, Dewey, Garfield, Hughes Counties, OK: Non-Producing Leasehold Interests: 1.2 acre leasehold in NE/4 of 36-17N-10W, Blaine Co.; 1.6 acre leasehold in NW/4 of 11-17N-20W, Dewey Co.: 10.03235 acre leasehold in SE/4 of 10-22N-6W and SW/4 of 11-22N-6W, Garfield Co.; 0.617 acre leasehold in NW/4 of 15-9N-11E, Hughes Co Producing Minerals: 1. Hansford County, Texas: 80 Mineral Acres, Producing Royalty, Working Interest, Carried Working Interest: (A) Legal Description: 80 net mineral acres in N/2 Sec. 54, Block 4-T, Texas and New Orleans Railroad survey. Production: Martin #1 Royalty Interest: .015625 Gross Working Interest: .015625 Net Revenue: .0136718 plus .015625 Royalty (net after all exp/tax. 2011 = $266.00 (B) Production: Martin or Elizabeth Martin Interest: Same interests as (A) Net Revenue: 2011 = $263.00 (C) Production: Buzzard or Loyd Buzzard #1 in N/2 of Sec. 54 .030904062 gross working interest w/.0273438 net revenue and .03125 royalty – well is shut-in (D) Production: Nusbaum #1 Carried Working Interest: 1/8 of 7/8 (.109375) paying no lease expense or cost Revenue After Taxes: 2011 - $32,249.00 (E) Production: Nusbaum #2 Interest: Identical to (A) Well is presently shut-in. 2. 5 Acres, Stephens Co., OK: Legal Description: An undivided 1/20 in E/2 SW/4 and E/2 SW/4 SW/4 of 34-2N-7W. Production: From the Thunderhawk #1 and #2 Royalty Interest: .0014648 in each well Spacing: 640 Acres Net Revenue: 2010 = $1,373.00; 2011 = $968.00 3. 10 Acres, Major Co., OK: Legal Description: An undivided 10 acres in NE/4 of 17-22N-11W Plus override. Production: West Units Net Revenue: 2010 = $1,275.00; 2011 = $1,469.00 Additional information to follow. 4. Approximately 25.73 acres, Logan Co., OK: In 3 sections with 5 producing wells. (A) Legal Description: 18.4 net mineral acres in Lots 1, 2, 3, 4, and N/2 N/2 of 33-17N-3W Production: From the Holly E. in NE/4, Tontz #2 in NW/4, & Weinand #1 in W/2 SE/4 Royalty Interest: .013329; .0107029; and .0010601 oil + .0048764 gas respectively. Net Revenue: From Holly E: 2010 = $307.00; 2011 = $585.00 From Tontz #2: 2010 = $233.00; 2011 = $ 99.00 From Weinand #1: 2010 = $356.00; 2011 = $342.00 (B) Legal Description: An undivided 1/3 acre in SE/4 of 29-18N-4W Production: Ergenbright in SE/4 Royalty Interest: .0003255 Spacing: 160 Acres Net Revenue: 2010 = $22.00; 2011 = $27.00 (C) Legal Description: An undivided 7 net mineral acres in SW/4 (Lots 3 & 4 & E/2 SW/4) of 18-17N-3W Leased: To Moore Petroleum @ 1/5 Royalty Interest Production: Francis #1-18 in SW/4 Royalty Interest: .0087368 or .0088118 Spacing: 160 Acres Net Revenue: 2010 = $249.00; 2011 = $50.00 Total net revenue from all 5 wells in Lot 4: 2010 = $1,167.00; 2011 = $1,103.00 5. 32 Acres Term Royalty Interest, Garfield Co., OK: Legal Description: A term mineral interest from 2007 until such time as production ceases in an undivided 1/10 (32 net minerals) in E/2 of 17-20N-6W Production: From the Fuxa #1 in NE/4 and Fuxa #2 in SE/4 Royalty Interest: .015625 in each well Spacing: 160 Acres Net Revenue: From Fuxa #1: 2010 = $591.00; 2011 = $537.00 From Fuxa #2: 2010 = $457.00; 2011 = $438.00 Total net revenue from both wells in Lot 5: 2010 = $1,048.00; 2011 = $975.00 6. Approx. 17.05104 Mineral Acres Now And 8.46264 Acres When Production Ends, Garfield & Kingfisher Co., OK: (A) Legal Description: In Lots 1, 2, 3, & 4 in 35-20N-5W, Garfield Co., OK and in the East 2/3 of Lots 5 & 6 and East 2/3 of S/2 SE/4 of 35-20N-5W, Kingfisher Co., OK Production: West Fuxa in W/2 SW/4 and Louise in W/2 SE/4 Royalty Interest: .0056109 in West Fuxa and .0099968 in Louise Spacing: Both wells are 80 acre units Net Revenue: West Fuxa: 2010 = $ 56.00; 2011 = $ 52.00 Louise: 2010 = $374.00; 2011 = $212.00 Note: There is an additional 2.394 mineral acres non-producing, but held by production. (B) Legal Description: W/2 SE/4 of 23-23N-6W Production: Hopwood, Keith Unit Overriding Royalty Interest: .00078125 Net Revenue: 2010 = $53.00; 2011 = $38.00 (C) Legal Description: A .5 net mineral acre interest in W/2 NE/4 of 25-23N-6W Production: Hopwood, R 2-25 Unit Royalty Interest: .0007430 Royalty Income: 2010 = $31.00; 2011 = $18.00 Total Net Revenue From Lot 6: 2010 = $514.00; 2011 = $320.00 7. 90 Mineral Acres in 2 Sections with 7 Producing Wells, Harper Co., OK: (A) Legal Description: 40 net mineral acres in S/2 NE/4 and N/2 SE/4 of 22-26N-24W Production: Goering #1 and Goering #2 Royalty Interest: .007812 in each well Spacing: Net Revenue: Goering #1: 2010 = $ 92.00; 2011 = $ 80.00 Goering #2: 2010 = $639.00; 2011 = $548.00 (B) Legal Description: 40 net mineral acres in SE/4 of 23-26N-24W and 10 net mineral acres in E/2 NW/4 & SW/4 NW/4 & NW/4 SW/4 of 23-26N-24W Production: Zoldoske #1, Zoldoski #2, Zoldoski #3, Zoldoski #4H, Zoldoske #5H Royalty Interest: .0097658 in each well Spacing: 640 Net Revenue: Zoldoski #1: 2010 = $1,009.00; 2011 = $ 831.00 Zoldoski #2: 2010 = $ 541.00; 2011 = $ 165.00 Zoldoski #3: 2010 = $ 751.00; 2011 = $ 568.00 Zoldoski #4H: 2011 = $53,354.00 Zoldoski #5H: 2011 = $12,178.00 Total Net Revenue: 2010 = $3,032.00; 2011 = $67,724.00 8. Grant County, OK – 10 Mineral Acres and Overriding Royalty Income: (A) Legal Description: SW/4 of 18-28N-6W Production: Harper I (Harper A-I, and W.J.E. Harper) Overriding Royalty Interest: .0131672 Net Revenue: 2010 = $321.00; 2011 = $603.00 (B) Legal Description: 10.0 net mineral acres in SE/4 of 31-27N-8W; First deep horizontal test in unit, staked in Jan. 2012 Production: Hawley West Unit (covers all or part of 15 sections in 26N-8W and 27N-8W, Grant Co., OK) Royalty Interest: .00004708 Net Revenue: 2010 = $98.00; 2011 = $115.00 (C) Legal Description: 19-28N-6W, Part of 13-28N-7W, and part of 21-28N-6W Production: Conrady Units Overriding Royalty Interest: .01367187 Net Revenue: 2010 = $211.00; 2011 = $39.00 Total net revenue from Lot #8: 2010 = $630.00; 2011 = $757.00 9. Woods Co., OK – 37.5 Mineral Acres in 3 Sections with 3 Producing Wells and Idle Well: (A) Legal Description: 5 mineral acres in S/2 SW/4 of 17-29N-17W Production: Dyer 2-17 Royalty Interest: .001374 (5/32 Royalty) Net Revenue: 2010 = $60.00; 2011 = $107.00 (B) Legal Description: 5 mineral acres in S/2 NW/4 of 21-26N-15W Production: Buck 1-21 Royalty Interest: .000976 (1/8 Royalty) Net Revenue: 2010 = $11.00; 2011 = $15.00 Note: There is also a .0004880 royalty interest and a .000855 overriding royalty interest in the McGill 1-21 which has been shut-is as inoperative since 2007, but not plugged. (C) Legal Description: 27.5 mineral acres in SE/4 of 24-28N-16W Production: McOsker 1-24 Royalty Interest: .0064453 (15% Royalty) Spacing: 640 Acres Net Revenue: 2010 = $444.00; 2011 = $162.00 Total net revenue for 3 wells in Lot 9: 2010 = $515.00; 2011 = $284.00 10. Woods Co., OK – 10 Mineral Acres in 4 Sections with 5 Producing Wells: (A) Legal Description: 2.5 mineral acres in NE/4 NW/4 of 20-29N-17W Production: Nighswonger #1 Royalty Interest: .0007324 (3/16 Royalty) Spacing: 640 Acres Net Revenue: 2010 = $23.00; 2011 = $4.00 (B) Legal Description: 2.5 mineral acres in SE/4 SE/4 of 18-29N-17W Production: Ruby #1 and Hughes #1 Royalty Interest: .0006845 in both wells (3/16 Royalty) Spacing: 640 Acres Net Revenue: Ruby #1: 2010 = $46.00; 2011 = $23.00 Hughes #1: 2010 = $40.00; 2011 = $53.00 (C) Legal Description: 5.0 mineral acres in E/2 NE/4 of 20-26N-15W Production: Myers 20-312 Unit Royalty Interest: .00097656 Spacing: 640 Acres Overriding Royalty Interest: .00085449 Net Revenue: 2010 = $39.00; 2011 = $36.00 (D) .00125 Gross Working Interest: w/.0009125 net revenue in Stewart A #1, A640A unit in 28-24N-13W. Well bore interest only, Net Revenue: 2011 - $32.00 Total net revenue for 4 wells in Lot 10: 2010 = $148.00; 2011 = $116.00 11. Major County, OK – 20 Mineral Acres (A) Legal Description: 20.0 mineral acres in W/2 NW/4 20-20N-14W Production: Garman 1-20 and Garman #1 ANR (Garman #1 ANR was plugged and abandoned in 2009) Royalty Interest: .0058594 (3/16 Royalty) Spacing: 640 acres NET Revenue: 2010 = $740.00; 2011 = $847.00 12. 30 Mineral Acres Plus Overriding Royalty Interest in 5 Sections in 4 Counties with 5 Producing Wells. (A) Legal Description: NW/4 15-9N-11E Hughes County, OK Production: Parks 2-15; Wellbore only; Depth Limit Overriding Royalty Interest: .0004822 Net Revenue: 2010 = $7.00; 2011 = $8.00 (B) Legal Description: 10 mineral acres in SW/4 and SW/4 NW/4 20-25N-21W, Harper County, OK Production: Gandy 20-1 Royalty Interest: .00195312 (1/8 Royalty) Spacing: 640 acres Royalty Income: 2010 = $97.00; 2011 = $112.00 (C) Legal Description: 7.5 mineral acres in W/2 NW/4 and NW/4 SW/4 of 8-23N-19W, Woodward County, OK Production: Darwin 1-8 Royalty Interest: .0021972 (3/16 Royalty) Spacing: 640 acres Net Revenue: 2011 = $126.00 (D) Legal Description: 2.5 mineral acres in SW/4 SW/4 of 5-23N-19W, Woodward County OK Production: Covalt 1-5 Royalty Interest: .00071934 (3/16 Royalty) Spacing: 640 acres Net Revenue: 2010 = $45.00; 2011 = $42.00 (E) Legal Description: 10 mineral acres in S/2 of 26-19N-9W, Kingfisher County, OK Production: Cline 1-26 Royalty Interest: .0019531 (1/8 Royalty) Spacing: 640 acres Net Revenue: 2010 = $8.00; 2011 = $99.00 Total Net Revenue for 5 wells in Lot 12: 2010 = $158.00; 2011 = $386.00 13. 21-22.332 Mineral Acres in 3 Sections in 2 Counties with 5 Producing Units. (A) Legal Description: 11.1111 to 13.333 net mineral acres in NE/4 of 8-24N-6W, Garfield County, OK Production: North Kremlin Misener SU (unit) - covers part of 6 sections in 24N-6W Royalty Interest: .0010538 – oil & .0173612 – gas Net Revenue: 2010 - $200.00; 2011 - $219.00 (B) Legal Description: 9.0 mineral acres in E/2 Sec. 11; NE/4 & SW/4 & W/2 SE/4 of Sec. 14, all in 18N-8W, Kingfisher County, OK Production: Stewart 1-11 (or 1A), Marie 1-11, Garvin 11-1, and Garvin Stewart #2 Royalty Interest: .001544 or .001564 in each well plus some non-producing acreage held by production Net Revenue: Stewart 1-11 (or 1A) 2010 = $129.00; 2011 = $157.00 Marie 1-11 2010 = $ 61.00; 2011 = $ 75.00 Garvin 11-1 2010 = $ 45.00; 2011 = $ 33.00 Garvin Stewart #2 2010 = $ 30.00; 2011 = $ 47.00 Total Net Revenue from 6 units in Lot 13: 2010 = $465.00; 2011 = $531.00 14. 34 Mineral Acres; Garfield County, OK Legal Description: 34 mineral acres in SE/4 of 26-24N-8W Production: Lottie G 1-26 Royalty Interest: .0099609 (3/16 Royalty) Spacing: 640 acres Net Revenue: 2010 = $1,408.00; 2011 = $2,204.00 15. 16.221 Mineral Acres, Lincoln Co., OK:11.777 mineral acres in SW/4 Sec. 14 and 4.494 acres in SE/4 SE/4 of Sec. 15, both in 14N-5E. No revenue since 2008. Remainder of file to be provided as soon as available. Additional Producing Minerals: 1. Major Co., OK – 160 +/- Mineral Acres: 160 +/- mineral acres in and to SW/4 31-22-10. Net Revenue: 2011 = $1,665.45. More info soon. 2. Grant Co., OK – 40 +/- Mineral Acres: An undivided 1/4th (40 +/- mineral acres) in SE/4 of 25-25-N-4W. Royalty interest in Southeast Salt Fork Skinner Sand Unit .0005883800. Net Revenue: 2011 = $210.00 3. Caddo Co., OK – 40 +/- Mineral Acres: Legal Description: approx 40 mineral acres in SE/4 of 34-7N-9W Production: Zipse #1-34 Royalty Interest: .0078125 Spacing: 640 acres Operator: Chesapeake Net Revenue: 2011 = $4,800.00 Additional Non-Producing Minerals: 4. 71.55 Acres, Major Co., OK: An undivided 71.55 net mineral acres in and to SW/4 & W/2 & Lots 1 &2 including all accretion and riparian rights in 1-21-12 containing 457.84 acres M.O.L. 2 wells in Section: Wichert #1 plugged 2008. Paul Early A-#1 last reported production 2006, no shut-in payments, not plugged of record. 5. 53.333 Acres, Kay Co., OK: An undivided 1/3 of minerals in the SE/4 of 10-25N-2W. Leased 12/23/10, 3 yrs, 3/16th, 2 yr option. 6. 155 Acres, Kay Co., OK: in NW/4, less the Railroad of 17-26N-2W. Leased 12/23/10, 3 yrs, 3/16th, 2 yr option. 7. 160 Acres, Kay Co., OK: in SE/4 of 5-25N-2W. Leased 7/12/10, 3 yrs, 3/16th, 8. 160 Acres, Grant Co., OK: in SE/4 of 22-26N-3W. Leased 3 yrs, expires July 17, 2012. Mineral Auction Wednesday, March 7, 2012 10:00 A.M. Terms & Conditions: 10% of the purchase price is to be placed in escrow the day of the auction. Buyers may use a personal or company check. Buyers will have until March 22, 2012, to examine the county records and satisfy themselves as to title. In the event the title examination reflects acreages different from that disclosed on the date of sale, the purchase price shall be prorated for the lesser acreage. Minerals will be transferred by a Limited Warranty Mineral Deed and/or appropriate assignment for the type of interest being conveyed. 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 regarding the minerals being offered prior to auction day. Any announcements made the day of the auction supersede all advertising. Closing: Closing is to be on or by April 9, 2012. The closing agent is Fairview Abstract Company. Their phone number is (580) 227-4524. The closing/escrow fee is $300.00 and is to be paid ½ by the Seller and ½ by the Buyer. Closing shall be at Fairview Abstract Company, 116 E. Broadway St., Fairview, Oklahoma, 73737, unless parties agree to another place of closing. Additional Available Information: Successful bidders of Atchinson Caprock Properties will be provided with a packet of detailed title history. In addition, they may call Court Atchinson, Manager of Atchinson Caprock Reserves, LLC at 580-237-4454 with questions they may have concerning the properties or title. It is expressly understood by the Seller and Buyer that Wiggins Auctioneers, LLC and their agents do not warrant the present or future value, the size or area, or the condition of the title to any of the lots being offered, nor do they hold themselves out to being experts in any of these areas, and the parties agree to hold Wiggins Auctioneers, LLC and their agents harmless of any claims arising form any representation or misrepresentation relating to such matters. Confirmation: The sale of each lot is subject to confirmation by the Seller(s). Seller(s) expressly reserve the right to accept or reject the high bid at the auction. Buyer’s Premium: A 10% Buyer’s premium will be added to the high bid in the auction to determine the purchase price for each lot. -------------------------------------------------------------------------------- Wiggins Auctioneers: One Grand Center, 201 N. Grand, Ste 600, Enid, Oklahoma 73701 Phone: (580) 233-3066 or (800) 375-3773 info@wigginsauctioneers.com © Copyright 2007-2008. Wiggins Auctioneers L.L.C. All Rights Reserved.
1.3.206.7be733a