Kaufman Realty & Auctions
Online Only Auctions
Tue, December 19th - 6 PM. Eastern
Millwood Township Guernsey Co.
Quaker City, OH 43773
31 +/- Acres Oil & Gas Rights
Online Only Auction
Jason L. Miller
Kaufman Realty & Auctions
1047 West Main Street
Post Office Box 422
Sugarcreek, OH 44681
Toll Free: 1-888-852-4111
West Virginia Location
399 West Main Street
Bridgeport, WV 26330
Phone number: 855-607-4111 or 304-931-1023
Duncan Miller Company LLC
16119 Barton River Ln
Houston, TX 77044
Guernsey Co. Ohio Oil & Gas Rights
Selling Oil & Gas Mineral interest only (No Surface) from the formation known as the Queenston Formation and below.
Section 19 & 13
Gross Acres: 126.523
Net Mineral Acres: 31.63075
Well/Unit Name: N/A
Producing: HBP (Shallow Well)
Lessee: Eclipse Resources-Ohio LLC
Royalty Rate: 15%
Royalty Type: Gross with Market Enhancement Clause
Lease Date: 03/18/2003
Primary Term Length: 5 Year
Parcel # 23-0000345.000, 23-0000354.001 & 240000070000 (Surface where Minerals are located)
• 10% Buyers’ Premium added to the final bid price to determine the contract price.
• 10% Non-refundable down payment wired into the Kaufman Realty & Auctions Trust Account within 24 hours of the completion of the auction if purchased online, via phone, or absentee bid. If auction is held onsite, onsite buyers are required to provide the funds following the auction.
• Online, phone and absentee buyers must execute the contracts and disclosures and return them to Kaufman Realty & Auctions within 24 hours of the end of the auction. Email and faxed copies are acceptable.
• All Kaufman Auctions Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 p.m. receives a bid at 5:59 p.m., the close time of the auction automatically extends to 6:05 p.m. The auto-extend feature remains active until no further bids are received within the 5 minute time frame.
• No financing contingencies, in bidding either live, online, via phone or by absentee bid the potential buyer is stating they will have funds to close in the allotted amount of time. Time is of the essence in all closings.
• Down payment is refundable in the event the seller is unable to deliver a Limited Warranty Oil & Gas Mineral Deed and Title that parallels the terms of the lease and any title available for the potential buyers review prior to the auction.
• Potential Buyers must independently investigate and confirm any information or assumptions on which any bid is placed.
• Kaufman Realty & Auctions are agents for the sellers; we are not mineral and legal experts.
• Potential buyers are advised to seek legal counsel regarding the status of any oil/gas right purchase, prior to bidding.
Parcel numbers are provided as a reference to locate the surface location. The sale includes Oil & Gas Minerals Only NO SURFACE.
BIDDING IS ON A PER ACRE BASIS AND IS ROUNDED TO CLOSEST WHOLE ACRE ON THE BIDDING PLATFORM, THE FINAL PURCHASE PRICE WILL BE ADJUSTED TO THE EXACT 1/100 ACRE ON THE PURCHASE AGREEMENT
KAUFMAN REALTY & AUCTIONS
Jason L. Miller CAI
740-541-7475 or [email protected]