Online Only Auction
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High Bid: 8,250.00 USD
29 Bids
Time Remaining: 5d 18h 34m - Thursday 12:07 PM
Soft Close
Shipping Not Available
Date(s)
9/8/2024 - 10/3/2024
AUCTIONEER INFORMATION
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 # 1
Group - Category Real Estate - Ag / Farm Land
Lead Mineral #1: 80 +/- NMA- Grant Co., OK
Description
Legal: Minerals in, under, and to the E/2 NE/4 of 32-28N-7 W.I.M., Grant Co., OK Location: Located from Wakita (SH 11A/Kiowa Rd.), 2 miles W. on Kiowa Rd., then 1 mile S. NMA: 80 +/- Production: appears to be from the Southwest Wakita Unit w/RI 0.00054908, paid by Casillas Petroleum Corp of Tulsa, OK 2024 Net Revenue: $226.33 thru 5/22/24 Source: Check stubs Seller: The Conservatorship of Marvin & Helen Carter
Name 10/3 Oklahoma Oil & Gas Investment Opportunity
Auctioneer
Type Online-Only Auction
Date(s) 9/8/2024 - 10/3/2024
Auction Date/Time Info
ONLINE ONLY Thursday - October 3, 2024 - Begins Closing @ 2 PM- CST
Preview Date/Time N/A
Checkout Date/Time See Terms.
Location
Buyer Premium 10% Buyer's Premium
Description
OIL & GAS INVESTMENT OPPORTUNITY! Oklahoma Producing Interests, Working Interests, & ORRI OK Counties: Garfield, Grant, Beckham, Custer, Dewey, Garfield, Grady, Kingfisher, Major, Pittsburg, Roger Mills, Washita & Woodward ONLINE ONLY AUCTION Thursday - October 3, 2024 - Begins Closing @ 2 PM- CST Mineral #1 Grant Co., OK Legal: Minerals in, under, and to the E/2 NE/4 of 32-28N-7 W.I.M., Grant Co., OK Location: Located from Wakita (SH 11A/Kiowa Rd.), 2 miles W. on Kiowa Rd., then 1 mile S. NMA: 80 +/- Production: appears to be from the Southwest Wakita Unit w/RI 0.00054908, paid by Casillas Petroleum Corp of Tulsa, OK 2024 Net Revenue: $226.33 thru 5/22/24 Source: Check stubs Seller: The Conservatorship of Marvin & Helen Carter Mineral #2 Multi-County WI/ORRI a. Legal: .01488871 NRI and .02082340 WI in the Summers #1-24 well, located in 24-11N-22W, Beckham Co., OK WI: .02082340 NRI: .01488871 Operator: Crawley Petroleum Corporation 2023 Net Revenue: $462.56 Source: Division Order Seller: Herbert J Richardson Estate b. Legal: .01488871 NRI and .02082340 WI in the Summers #2-24 well, located in 24-11N-22W, Beckham Co., OK WI: .02082340 NRI: .01488871 Operator: Crawley Petroleum Corporation Source: Division Order Seller: Herbert J Richardson Estate c. Legal: .00000585 ORRI in the Haley#1-31 well, located in 31-11N-22W, Beckham Co., OK ORRI: .00000585+/- Operator: Crawley Petroleum Corporation Source: Division Order Seller: Herbert J Richardson Estate d. Legal: .00001171 ORRI in the Haley 1-31 well, located in 31-11N-22W, Beckham Co., OK ORR: .00001171+/- Operator: Fourpoint Energy LLC Source: Division Order Seller: Herbert J Richardson Estate e. Legal: .00000563 ORRI in the Haley 4-31 well, located in 31-11N-22W, Beckham Co., OK ORR: .00000563+/- Operator: Fourpoint Energy LLC Source: Division Order Seller: Herbert J Richardson Estate f. Legal: .0010155 ORRI in the Pawnee 25-1 well, located in 25-12N-21W, Beckham Co., OK ORR: .0010155 Operator: Mewbourne Oil Source: Division Order Seller: Herbert J Richardson Estate g. Legal: .0010155 ORRI in the Pawnee 25-2 well, located in 25-12N-21W, Beckham Co., OK ORR: .0010155 Operator: Mewbourne Oil Source: Division Order Seller: Herbert J Richardson Estate h. Legal: .0187525 ORRI in the State #1-35 well, located in 35-4N-20W, Beaver Co., OK ORRI: .0187525 Operator: Raydon Exploration Inc 2008 Net Revenue: $183.24 Source: 2008 Check stub Seller: Herbert J Richardson Estate i. Legal: WI and NRI in the Self 1-12 well, located in 12-12N-14W, Custer Co., OK WI: .000742 NRI: .0005888 Operator: BRG Petroleum Source: Division Order Seller: Herbert J Richardson Estate j. Legal: WI in the Irene 1-12 well, located in 12-12N-14W, Custer Co., OK WI: GWI .0052253, BPO WI .0041020, APO WI .0038438 Operator: MT Energy LLC Source: Division Order Seller: Herbert J Richardson Estate k. Legal: WI in the Fransen Farms 1-26 well, located in 26-12N-16W, Custer Co., OK WI: .003351563 Operator: Diversified Production LLC Source: Election orders Seller: Herbert J Richardson Estate l. Legal: WI in the Sawatsky 1-26 and 3-26 wells, located in 26-12N-16W, Custer Co., OK WI: .003351563 Operator: Diversified Production LLC Source: JOA Seller: Herbert J Richardson Estate m. Legal: .00037060 ORRI GAS and .00471820 ORRI OIL in the Reinschmiedt #1 well, located in 30-15N-19W, Custer Co., OK Gas ORRI: .00037060 Oil ORRI: .00471820 Operator: Adparo LLC Source: Division Order Seller: Herbert J Richardson Estate n. Legal: WI in the Willis 1-5 well, located in 5-18N-15W, Dewey Co., OK WI: .05752668 Operator: EEC LLC Source: Division Order Seller: Herbert J Richardson Estate o. Legal: .03035160 ORRI in the Felber 1 well, located in 13-20N-7W, Garfield Co., OK ORRI: .03035160 Operator: Gilliland Oil & Gas Source: Division Order Seller: Herbert J Richardson Estate p. Legal: .0001815 ORRI in the Kahle 2-14 well, located in 14-5N-8W, Grady Co., OK ORRI: .0001815 Operator: Gilliland Oil & Gas Source: Division Order Seller: Herbert J Richardson Estate q. Legal: .0107984 and .010800 ORRI and .0013916 RI in the Guenzel 1 well, located in 15-14N-26W, Roger Mills Co., OK ORRI: .0107984 & .010800 NRI: .0013916 Operator: Kaiser-Francis Oil Co. 2022-23 Net Revenue: $253.05 +/- Source: Check Stubs Seller: Herbert J Richardson Estate r. Legal: .007975 ORRI in the Adam Gibson 1-10 and Winnie 1-10 wells, located in 10-5N-13W, Pittsburg Co., OK ORRI: .007975 Operator: Yale Oil Co. 2022-23 Net Revenue: $3,500.00 payment made from OK Unclaimed payments in 2022 for production up to 2002. Yale made payment of $1,607.85 for production 2004-2008. Source: OK Unclaimed Payment stub and Yale pay stubs Seller: Herbert J Richardson Estate s. Legal: .00341537 ORRI in the Leverton #4-14H well, located in 14-10N-19W, Washita Co., OK ORR: .00341537+/- Operator: Crawley Petroleum Corporation 2023 Net Revenue: $617.14 Source: Division Order Seller: Herbert J Richardson Estate t. Legal: ORRI in the Giles 1-3 well, located in 3-11N-16W, Washita Co., OK ORRI: .0110644; .0187404; .0187422; .0187435 Operator: Kaiser-Francis Oil Co. 2022-23 Net Revenue: $420.35 +/- Source: Check Stubs Seller: Herbert J Richardson Estate u. Legal: .00181812 ORRI in the Antelope 2-27 well, located in 27-11N-18W, Washita Co., OK ORRI: .00181812 Operator: Presidio Production Source: Oil & Gas Transfer Order - Presidio Seller: Herbert J Richardson Estate v. Legal: .00171792 ORRI in the Simpson 1-27 well, located in 27-11N-18W, Washita Co., OK ORRI: .00171792 Operator: Presidio Production Source: Oil & Gas Transfer Order - Presidio Seller: Herbert J Richardson Estate w. Legal: .00171793 ORRI in the Hale 1-27 well, located in 27-11N-18W, Washita Co., OK ORRI: .00171793 Operator: Presidio Production Source: Oil & Gas Transfer Order - Presidio Seller: Herbert J Richardson Estate 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 and/or by other appropriate deed or assignment. Closing is to be on or by November 18, 2024. 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
See Terms.
N/A