Thursday, June 03, 2021 12:00 PM
Terms & Conditions: A 10% Buyer’s premium will be added to the high bid in the auction to determine the purchase price of each tract. 10% of the purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of merchantable title, at closing. Buyers will have 20 days to examine the county records and satisfy themselves as to the title. Title will transfer by Limited Warranty Deed. Closing is to be on or by July 19, 2021. 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 as to acreage, production, etc. prior to auction day. Any announcements made the day of the auction supersede all advertising.
Meeting Room #1 of the Pavilion of the Chisholm Trail Expo Center, 111 W. Purdue, Enid, OK US
440 +/- Net Mineral Acres in 10 Tracts Oil & Gas Production w/Substantial Revenue | Investment Opportunity! Alfalfa & Grant Co., OK Thursday – June 3, 2021 – 10:00 a.m. Online Bidding Available! Auction Location: Meeting Room #1 of the Pavilion of the Chisholm Trail Expo Center, 111 W. Purdue, Enid, OK Mineral #1 Legal: Seller’s share of minerals in NW/4 34-26N-11W, Alfalfa Co., OK Approx. Location: From S. edge of Cherokee, OK, approx. 3 mi. S. on SH 8 then ½ mi. W. NMA: 160 +/- Production: Patton Trust 34-26-11 1H w/RI of 0.04687500 & B&J Hughes 34-26-11 2H w/RI of 0.04687500. 2020 Net Revenue: Approx. $122,620 in total. Note: offering in und. 40 +/- ac. tracts w/high bidder's option to purchase up to 160 +/- net mineral ac. Mineral #2 Legal: Seller’s share of minerals in SE/4 25-26N-11W, Alfalfa Co., OK Approx. Location: From S. edge of Cherokee, approx. 3 mi. S. on SH 8 then 1 ½ miles E. NMA: 160 +/- Production: Patton 25 & 24-26-11 1H w/RI of 0.03515625 & Fortress 1-25 w/RI of 0.03515625 2020 Net Revenue: Approx. $54,687 in total. Note: Minerals will be offered in und. 40 +/- acre tracts w/high bidder's option to purchase up to 160 +/- net mineral ac. Mineral #3 Legal: Seller’s share of minerals in S/2 S/2 NE/4 33-26N-11W, Alfalfa Co., OK Approx. Location: Located across rd. W. from Mineral #1 NMA: 40 +/- Production: Porter 33-26-11 2H w/RI of 0.00878906 & 0.00195313; State 33-26-11 1H w/RI of 0.00878906; & State 33-26-11 3H w/RI of 0.00878906 & 0.00195313 2020 Net Revenue: Approx. $30,469 in total. Owner of Minerals #1-#3: Roberta Jean Patton Revocable Living Trust Mineral #4 Legal: Seller’s share of minerals in E/2 NE/4 28-25N-4W, Grant Co., OK Approx. Location: 5 mi. SW of Lamont on SH 74, then 2 mi. W. NMA: 80 +/- Production: appears to be nonproducing & open for lease Owner: The James R. & Betty Reid Revocable Trust Quentin & Lynsie Sturgeon, Auction Mgrs, at 580.554.7133 or 580.554.2633 for any additional information you may need. Visit wigginsauctioneers.com for terms, full details, & online bidding!>