Lot # : 3 - Mineral #3- 80 +/- NMA- Alfalfa Co., OK

640 +/- Net Mineral Acres | Major, Alfalfa & Garfield Counties, OK Tuesday - July 10, 2018 - 10:00 a.m. Online Bidding Available! Auction Location: Springhill Suites by Marriott, 5815 KL Drive, Enid, OK 73703 (W. of Wal-Mart on W. edge of Enid) Alfalfa County Mineral #1 Legal: An undivided 50% of minerals in, under, and to the N/2 SE/4 17-23N-11W, Alfalfa Co., OK Location: from McWillie, 5 mi. S., 2 W. & ¼ N. Net Mineral Acres: 40 +/- NMA Lease: 3/16 lease to Armor Energy LLC, dated 5/7/2017 for 3 year term with 2 year option to extend, Bk/Pg: 815/192 Mineral #2 Legal: All minerals in, under, and to the SW/4 16-23N-11W, Alfalfa Co., OK Location: across rd. E. of above described Mineral #1 Net Mineral Acres: 160 +/- NMA Lease: 3/16 lease to Armor Energy LLC, dated 5/10/2017 for 3 year term Bk/Pg: 815/188 Mineral #3 Legal: All minerals in, under, and to the N/2 SW/4 1-23N-12W, Alfalfa Co., OK Location: from Hwy 8/8B Jct. (E. of Aline), 1 mi. W. & ¾ S. Net Mineral Acres: 80 +/- NMA Lease: Jackfork Land Inc., dated 4/11/2017 for 3 year term Bk/Pg: 813/808 Mineral #4 Legal: Undivided 50% of minerals in, under, and to NE/4 a/d/a Lot 1, Lot 2 & the S/2 NE/4 & the E. 32.5 ac. of the NW/4 6-23N-11W, Alfalfa Co., OK Location: from Hwy 8/8B Jct. (E. of Aline), 3/8 mi. E. Net Mineral Acres: 95.15 +/- NMA Production: appears to be nonproducing & open for lease Mineral #5 Legal: All minerals in, under, and to the S/2 S/2 NW/4 & 26.5 ac. on the W. side of the NW/4, described as a tract of land beginning at a point 1118.7' S. of the NW/c of 31-24N-11W; thence E. 1320'; Thence S. 891'; Thence W. 1320'; Thence N. 891' to POB, Alfalfa Co., OK Location: from Hwy 8/8B Jct. (E. of Aline), ½ mi. N. on Hwy 8 Net Mineral Acres: 67.005 +/- NMA Production: appears to be nonproducing & open for lease Mineral #6 Legal: An undivided 50% of minerals in, under, and to the S/2 SE/4 32-24N-11W, Alfalfa Co., OK Location: from Hwy 8/8B Jct. (E. of Aline), 1½ mi. E. Net Mineral Acres: 40 +/- NMA Production: from the Prentice-Lamle, operated by BMC Petroleum Inc., 1/8 lease, very limited production since 2015, suspected to be non-commercial well Mineral #7 Legal: Undivided 50% of minerals in, under, and to the S/2 SW/4 34-24N-11W, Alfalfa Co., OK Location: 1 mi. E. of above described Mineral #6 Net Mineral Acres: 40 +/- NMA Lease: 3/16 lease to Midstates Petroleum Company, LLC, dated 4/9/2018 for 3 year term Bk/Pg: 828/132 Major County Mineral #8 Legal: The Life Estate Interest of Clayton Stephen Kehnemund and Olive Marie Kehnemund Duncan Bowen in 20-20N-10W & 17-20N-10W, Major Co., OK Location: from SH 58 & Isabella Blktp, 1 mi. S. & 1 E. Production: in 20-20N-10W from the Virtus 1-20 w/RI 0.03125 & 0.015625, check stub from 10/06/2017 is for $246.85 paid by Kirkpatrick Oil Company of OKC, OK; and in 17-20N-12W from the Leroy 1-17 w/RI 0.03125, Kirkpatrick Oil Company of OKC, OK & the White 1H-17 w/RI 0.01171875, check stub from 08/31/2017 is for $746.82 paid by Newfield Mid-Continent of The Woodlands, TX & check stub from 12/26/2017 is for $897.71 paid by Alta Mesa of Houston, TX Mineral #9 Legal: Undivided 50% of minerals in, under, and to the W/2 NW/4 34-23N-9W, Major Co., OK Location: 1 mi. E. of Meno on US 412, then 2 ½ mi. N. Net Mineral Acres.: 40 +/- NMA Lease: 3/16 lease to Staghorn Petroleum, LLC of Tulsa, OK, dated 1/10/2017 for a 3 year term Garfield County Mineral #10 Legal: Undivided 80 acres of minerals in, under, and to the NE/4 16-23N-8W, Garfield Co., OK Location: From Carrier (SH 132 & 45), 2 mi. W. Net Mineral Acres: 80 +/- NMA Production: appears to be nonproducing & open for lease Note: will be offered in undivided 40+/- acre tracts with the buyer's option to purchase up to 80 +/- acres 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 August 27, 2018. 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.