Lot # : 5 - M#5: 13.333 +/- Ac.- Grant Co., OK

Online Only Auction
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Enid, OK 73701
Date(s)
8/14/2022 - 9/15/2022
AUCTIONEER INFORMATION
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Bidding Notice:

A 10% Buyer's Premium will be added to the high bid at auction to determine the purchase price. Neither the Seller nor the Auction Company is responsible in the event of loss of signal or delay of signal by either side.

Information
Lot # 5
Group - Category Real Estate - Ag / Farm Land
Lead M#5: 13.333 +/- Ac.- Grant Co., OK
Description
Mineral #5 Legal: Undivided 1/12th interest of minerals in, under, and to NE/4 Sec. 19, Twp. 25N, R5 W.I.M., Grant Co., OK NMA: 13.333 +/- Production: appears to be hbp from the Reynolds #1-19, operated by Anadarko Minerals, Inc., no recent production Owner: Mark Reynolds
Name 9/15 OIL & GAS INVESTMENT OPPORTUNITY!
Auctioneer
Wiggins Auctioneers, LLC
Type Online-Only Auction
Date(s) 8/14/2022 - 9/15/2022
Auction Date/Time Info
ONLINE ONLY Thursday - September 15th, 2022 - Begins Closing @ 2 PM
Checkout Date/Time See Terms.
Location
ONLINE ONLY, 802 W. Maine, Suite B
Enid, OK 73701
Buyer Premium 10% Buyer's Premium
Description
OIL & GAS INVESTMENT OPPORTUNITY! Producing & Nonproducing Minerals RI/ORRI- Revenue from 100 +/- Producing Wells Desirable Oklahoma & Texas Counties ONLINE ONLY AUCTION Thursday - September 15th, 2022 - Begins Closing @ 2 PM Mineral #1 35 Tracts of Minerals w/88 +/- Producing Oil & Gas Wells - Blaine, Dewey, Kingfisher, Canadian, Woodward, & Garvin Counties, OK Legal: Seller's share of mineral interests in, under, & to tracts of land located in Blaine, Dewey, Kingfisher, Canadian, Woodward, & Garvin Counties, OK (see Order for Distributing Estate in "Mineral #1 Documents" link for complete legal descriptions) NMA: 68.0196 +/- Region: Stack 2022 Net Revenue Q1-Q2: $18,559.09 2021 1099 Net Revenue: $30,341.64 Production: See "Berman Estate Exhibit" in "Mineral #1 Documents" link Owner: The Benjamin a/k/a "Ben" Berman Revocable Trust Mineral #2 RI/ORRI - Revenue from 100 +/- Producing Wells - Caddo, Canadian, Custer, Dewey, Ellis, Grady, Haskell, LeFlore, & Woodward Counties, OK; & Roberts & Zapata Counties, TX Legal: Seller's share of royalty interests in producing oil & gas wells located in Caddo, Canadian, Custer, Dewey, Ellis, Grady, Haskell, LeFlore, & Woodward Counties, OK; & Roberts & Zapata Counties, TX (see "Webster Trust Exhibit" for complete descriptions) 2021 1099 Net Revenue: $14,610.03 Owner: The EJ Webster Living Trust Recent Activity: OCC filings by Continental Resources to establish horizontal drilling & spacing units, increase density, & for multiunit horizontal well; & by Kaiser-Francis Oil Company for horizontal spacing & multiunit horizontal well, both in 30-6N-6W, Grady Co., OK Mineral #3 Legal: All minerals in, under, and to NE/4 Sec. 35, Twp. 21N, R15 W.I.M., Major Co., OK NMA: 160 +/- Lease: appears to be nonproducing & open for lease Owner: JL Ake Living Trust Mineral #4 Legal: Undivided ¼ interest of minerals in, under, and to S/2 SE/4 Sec. 20, Twp. 23N, R11 W.I.M., Major Co., OK NMA: 20 +/- Lease: appears to be nonproducing & open for lease Owner: JL Ake Living Trust Mineral #5 Legal: Undivided 1/12th interest of minerals in, under, and to NE/4 Sec. 19, Twp. 25N, R5 W.I.M., Grant Co., OK NMA: 13.333 +/- Production: appears to be hbp from the Reynolds #1-19, operated by Anadarko Minerals, Inc., no recent production Owner: Mark Reynolds 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 30 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 October 31, 2022. 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.
1. I acknowledge that I have viewed or received a copy of the Auction Day Announcements packet, which includes information about the property, Auction Day Announcements (terms and conditions), and Mineral Memorandum of Sale. A copy of the packet is available for review at wigginsauctioneers.com within 24 hours of the auction, or a copy of the packet may be requested by emailing info@wigginsok.com. 2. I have read said Auction Day Announcements packet and understand and agree to abide by terms and conditions of the auction. 3. I currently have sufficient funds to meet the "Escrow Deposit" and further have the ability to fund and complete the transaction as outlined in the Mineral Memorandum of Sale. 4. I have examined the Mineral Memorandum of Sale and understand that it is a legally binding contract, which is not contingent upon financing, inspections, or anything which would prevent successful closing. 5. I understand the property is being sold "As-Is" and it is my sole responsibility to satisfy myself prior to bidding. 6. I understand that if I am the successful bidder, I agree to complete and sign the Mineral Memorandum of Sale immediately upon conclusion of the auction, and place a 10% escrow deposit as outlined in the Mineral Memorandum of Sale. 7. I understand that my registration for the auction will not be accepted without providing name, address, phone, valid ID and signing and returning a copy of this form. By doing so, I am agreeing to and accepting the terms and conditions of the auction set forth in the Auction Day Announcements packet, and any announcements day of auction which supersede advertising. 8. I hereto agree to sign by electronic means, and that the electronic signature shall have the same force and effect as an original signature.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 2.50 USD
100.01 - 250.00 5.00 USD
250.01 - 500.00 10.00 USD
500.01 - 1,000.00 25.00 USD
1,000.01 - 2,500.00 50.00 USD
2,500.01 - 5,000.00 100.00 USD
5,000.01 - 10,000.00 250.00 USD
10,000.01 - 25,000.00 500.00 USD
25,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
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 October 31, 2022. 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.
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