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Land Producing Minerals Sealed Bid

Purdy, OK 73052

Garvin County, Oklahoma

233 Acres
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Land Producing Minerals Sealed Bid : Purdy : Garvin County : Oklahoma

Land Description

• 6 Mineral Tracts - 233+/- Acre Farm • Quality Rush Creek Bottomland Farm • 6-Month Avg. Cash Flow • Producing Scoop (Oil Window) Mineral Interests • Select Operators Include: • Newfield Mid-Continent • Sheridan Production Company • Jones Energy • Apache Corporation • Casillas Operating • Chaparral Energy • Sealed BID Deadline: Friday, MAY 24

Open House/Inspection Dates

Friday, May 10 from 9:00 am - Noon

Friday, May 24 from 9:00 am - Noon

Property Description

A unique portfolio of producing mineral interests in the South Central Oklahoma Oil Province (Scoop Oil Window) in Garvin, McClain and Grady Counties with additional mineral interest in Roger Mills County, Oklahoma. In addition to this portfolio of mineral interests, also being offered is a productive Rush Creek Bottomland farm in Garvin County, which consists of 233+/- acres, near the community of Purdy, Oklahoma. Bidders will have the opportunity to acquire mineral interest properties, surface tract or the very unique opportunity to combine a quality farmland property with actively producing minerals; rarely does such an opportunity present itself to the marketplace.

With individual mineral tracts in Garvin, McClain, Grady and Roger Mills Counties, Bidders have the opportunity to evaluate a diverse portfolio and submit bids on those packages that fit their needs most closely. Bids will also be entertained on any combination of packages or the entire portfolio. The Garvin County farm is a stand-alone quality property, that will be offered in its entirety. The farm boasts 140.57 tillable acres per Fsa, with the balance of the farm being pasture, mature timber, comfortable home and 2 hay sheds.

Rarely is an opportunity of this nature made available and we are excited to present this offering to the market.

Select Operators Include:

Newfield Mid-Continent

Sheridan Production Company

Jones Energy

Apache Corporation

Casillas Operating

Chaparral Energy

For information booklets containing Surface Tract acreages and Mineral Packages regarding revenue history, check stubs, production history, division orders, source and conveyance documents, copy of purchase agreement and other title documents please contact Brent Wellings.

Tract 1: Minerals

Garvin County, OK (Scoop Oil Window) Producing Mineral Interest/Royalty Interest with 6-Month Avg. Cash Flow of is offering one fourth (1/4) of its rights, title and interest in this property, which includes 16 wells currently being operated by Newfield Mid-Continent of Houston, Texas in Sections 23 & 26, T3n, R4W of Garvin County, Oklahoma. Combined these wells are currently producing an average of approximately 2,241.78 Bopd and 18,853.03 McFpd.

The check stubs provided in the Bidder Information Booklet reflect the full interest owned by Seller. The average monthly cash flow shown above has been adjusted to reflect the actual interest being conveyed. The production summary shown above reflects the total production and has not been adjusted. Future development of different zones has potential, with Newfield being an active driller.

Tract 2: Minerals

Garvin County, OK (Scoop Oil Window) Producing Mineral Interest/Royalty Interest with 6-Month Avg. Cash Flow of is offering one fourth (1/4) of its rights, title and interest in this property, which includes 16 wells currently being operated by Newfield Mid-Continent of Houston, Texas in Sections 23 & 26, T3n, R4W of Garvin County, Oklahoma. Combined these wells are currently producing an average of approximately 2,241.78 Bopd and 18,853.03 McFpd.

The check stubs provided in the Bidder Information Booklet reflect the full interest owned by Seller. The average monthly cash flow shown above has been adjusted to reflect the actual interest being conveyed. The production summary shown above reflects the total production and has not been adjusted. Future development of different zones has potential, with Newfield being an active driller.

Tract 3: Minerals

Garvin County, OK (Scoop Oil Window) Producing Mineral Interest/Royalty Interest with 6-Month Avg. Cash Flow of is offering one fourth (1/2) of its rights, title and interest in this property, which includes 16 wells currently being operated by Newfield Mid-Continent of Houston, Texas in Sections 23 & 26, T3n, R4W of Garvin County, Oklahoma. Combined these wells are currently producing an average of approximately 2,241.78 Bopd and 18,853.03 McFpd.

The check stubs provided in the Bidder Information Booklet reflect the full interest owned by Seller. The average monthly cash flow shown above has been adjusted to reflect the actual interest being conveyed. The production summary shown above reflects the total production and has not been adjusted. Future development of different zones has potential, with Newfield being an active driller.

Tract 4: Minerals

Garvin County, OK (Scoop Oil Window) Producing Mineral Interest/Royalty Interest with 6-Month Avg. Cash Flow of Seller is offering all its rights, title and interest in this property that includes 6 wells currently operated by Rimrock Resources Operating, LLC of Tulsa, Oklahoma, Daylight Petroleum and Casillas Operating in: Section 6, T4n, R3w; Section 5, T3n, R4w; Section 10, T4n, R4W Garvin County, Oklahoma. Combined these wells are currently producing an average of approximately 10.17 Bopd and 249.18 McFpd.

Tract 5: Minerals

McClain County, OK (Scoop Oil Window) Producing Mineral Interest/Royalty Interest with 6-Month Avg. Cash Flow of Seller is offering all its rights, title and interest in this property that includes 40 wells operated by:

- Casillas Operating, LLC of Tulsa, Ok

- Sheridan Production Co. of Houston, Tx

- Penner Energy of Oklahoma City, Ok

- Brent Baker Oil & Gas of Oklahoma City, Ok

- Lance Ruffel Oil & Gas of Oklahoma City, Ok

- Daylight Petroleum of Chicago, Il

- Rimrock Resource Operating of Tulsa, Ok

- Red Rocks Oil & Gas Operating of Oklahoma City, Ok

- Chaparral Energy, LLC of Oklahoma City, Ok

- Streamline Oil & Gas Inc. of Alex, Ok

- Craig Elder Oil & Gas of Oklahoma City, Ok

In Sections 30, T5n, R4w; Section 31, T5n, R3w; Section 25, T5n, R4w; Section 26, T5n, R4w; Section 35, T5n, R4w; Section 36, T5n, R4w; Section 19, T5n, R3w, McClain County, OK. Combined these wells are currently producing an average of approximately 126.88 Bopd and 3,621.08 McFpd.

Tract 6: Minerals

Grady and Roger Mills Counties, OK (Scoop Oil Window) Producing Mineral Interest/Royalty Interest with 6-Month Avg. Cash Flow of Seller is offering all its right, title and interest in this property that includes 14 wells operated by Newfield Mid-Continent of Houston, TX; Jones Energy of Austin, TX; Daylight Petroleum of Chicago, IL; Apache Corporation of Houston, TX in Section 18, T8n, R5w; Section 11, T4n, R5w; Section 14, T4n, R5w; Section 20, T9n, R6W Grady County, OK and Section 5, T13n, R21w Roger Mills County, OK. Currently these wells are producing approximately 552.50 Bopd and 3,476.63 McFpd.

Tract 7: 233+/- Acre Farm

A productive Rush Creek Bottomland farm in Garvin County, which consists of 233+/- acres, near the community of Purdy, Oklahoma. a stand alone quality property. The farm boasts 140.57 tillable acres per Fsa, with the balance of the farm being pasture, mature timber, comfortable home and 2 hay sheds. Being bordered on the south boundary by Rush Creek, this property offers a lot of potential for recreationally minded Buyers looking for potential rental income from tillable acres. The tillable acre soils are primarily comprised of Port Silt Loam and Port Fine Sandy Loam. Two 50 ft x 64 ft pole style hay barns and a modest 3 bedroom, 2 bath home are located on the property as well.

Land features, descriptions, details, directions, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by AUCTIONFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Contact the seller directly regarding this listing.