Red Hill SWD
Live Webcast Auction
Red Hill SWD

Hinz Auction

From Elk City, OK: 7 miles North on Hwy. 34, then 1 3/4 mile West on CR #1030 From Hammon, OK: 8 miles South on Hwy. 34, then 1 3/4 miles West on CR # 1030 Located in the SE/4 of 10-12-21
Elk City, OK 73648
 

Date(s) 8/8/2022 - 8/18/2022

Bidding runs Monday, August 8 through Thursday, August 18 @ 5:00 p.m.

Past Auction
Catalog
View Catalog (1 Lots)
Bidding Notice:

Standard Bidding Increments Apply

Auction Notice:

Visit hinzauction.com for specific information on the well

Auction Information
Name Red Hill SWD
Auctioneer
Hinz Auction
Type Live Webcast Auction
Date(s) 8/8/2022 - 8/18/2022
Auction Date/Time Info
Bidding runs Monday, August 8 through Thursday, August 18 @ 5:00 p.m.
Preview Date/Time Contact Hinz Auctioneers @ 580-774-7396 or 580-774-4644 for specific questions
Checkout Date/Time Contract to be sent out Friday, August 19 - Wire instructions will be provided at this time for 10% escrow
Location
From Elk City, OK: 7 miles North on Hwy. 34, then 1 3/4 mile West on CR #1030 From Hammon, OK: 8 miles South on Hwy. 34, then 1 3/4 miles West on CR # 1030 Located in the SE/4 of 10-12-21
Elk City, OK 73648
Buyer Premium Applies to all on-line purchases
Description
Working SWd Well North of Elk City, Oklahoma in Roger Mills County, OK Located from Elk City, OK 7 miles North on Highway 34, then 1 ¾ mile West on CR #1030. Or from Hammon, OK, 8 miles South on Highway 34, then 1 ¾ mile West on CR # 1030. Located in the SE/4 of S10-T12N-R21W It is our pleasure to offer you this opportunity to obtain a working SWD Well Business, Located North of Elk City, in Roger Mills County, Oklahoma Pressure rating from the OCC is 2000 PSI - (currently pumping around 1350 – shut in 1250-1300) OCC barrel rate per day is 7000 BBL/Day MIT is current Acid Job in July of 2019 New stainless steel 15K Master valve put on in February of 2019 3 ½” poly lined injection tubing 4200 BBL water storage 900 BBL oil storage 420 BBL fresh water storage Two tool/parts storage rooms, office, and breakroom. $.05/bbl transferrable land owner agreemen In the 4 full years we’ve owned it 2018-2021: It has taken 955885 BBLs of production water We have sold 7200 BBLs of oil for a recovery rate of ¾ of a percent equaling roughly 5 BBL oil/day Total revenue for this time period $715,000.00
Buyers contract to be signed by successful bidder. Non-refundable 10% escrow of final selling price due day of sale. Balance due at closing. No buyer contingencies for financing, inspections or anything else. Possession given at time of closing. Property sells subject to owners approval. Property sells subject to any and all leases. 5% buyers fee applies. Soft closing format will apply. Bidding runs through Thursday, August 18, 2022 @ 5:00 p.m. .
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium Applies to all on-line purchases
Payment Terms
Contract to be sent out and signed on Friday, August 19 A 10% non-refundable escrow will be do at time of signing - Hinz Auctioneers will contact successful buyer with wire informaiton. Balance due at closing. Possession given at closing. Property sells subject to owners approval. Property sells subject to any and all leases. 5% buyers fee applies.
N/A
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