START: 7/30/2020 1:00 PM END: 9/1/2020 5:00 PM
AUCTION TYPE: Personal Property Auction AUCTIONEER: Tobias Stutzman
WANTING TO OWN YOUR OWN OIL WELL? CHECK OUT THIS INVESTMENT OPPORTUNITY!
Contact United Country Stutzman Realty & Auction to inquire and learn more about this offering of Producing Minerals in Rooks County, KS.
Available is a 50% ROI, believed to be a .07812500 share in and to the S/2 of Section 31 – Township 6 – Range 20W. Surface Rights are not selling.
A total of two (2) producing oil wells are located on the SW/4 and SE/4 of Section 31 – Township 6 – Range 20W. The SE/4 features a tank battery and two wells. One well, SW/2 is capped and is no longer producing. The SE 1 well is actively producing. These wells were completed in 2009 and have had consistent combined production over the past 11 years with an annual average income of $12,500.
For complete renditions and income history, to learn the current bid, learn the bidding process or for any inquiries, contact Tobias (Toby) Stutzman at office (620)356-1954 or mobile (620)952-1478. TR#7
TRACT #7 – 50 % Royalty Interest to and in the S/2 of S31-T6-R20 Rooks County, KS
Directions: Intersection of US HWY 283 and County Road 370 – 4 miles east, 1 mile north, 10 miles east to Rooks County Road 2, then 1 ½ miles south. NE Corner of property begins.
LEGAL ADDRESS: 50% Royalty Interest (ROI) to and in the SE/4 & SW/4 of S31-T6-R20 Rooks County, KS.
LEASE OPERATOR: Bowman Oil Company
WELL NAME: Lunney / Schuck SE 1
WELL NAME: Lunney / Schuck SW 2
ROYALY INTEREST: .07812500
2020 Production – 650 Bbls $6,021.78 YTD thru June 2020
2019 Production – 2,624 Bbls $14,906
2018 Production – 2,640 Bbls $10,438
2017 Production – 2,802 Bbls $15,400
2016 Production – 2,957 Bbls $9,800
2015 Production – 3,109 Bbls $ –NA–
TERMS: Selling by Private Auction through Jerry Stutzman, Broker, United Country Stutzman Realty & Auction. Broker represents Seller as Seller’s agent and shall treat the Buyer as a customer. A customer is a party to a transaction with whom Broker has no brokerage relationship. Successful bidder will sign contract and deposit 10% earnest money with Rooks County Title, as escrow and closing agent. Seller and Buyer will split the cost of title insurance and closing fee. Real Estate taxes will be prorated to the date of closing. Settlement will occur on or before October 1, 2020. Announcements during sale take precedence over published information. Bidders will be confidential until bidding is closed. Bidding is not subject to financing. Buyers are to have financing arranged prior to bidding.
NOTE: All information is from sources deemed reliable but is not guaranteed. Prospective buyers are urged to INSPECT all properties prior to bidding and to satisfy themselves as to condition, noxious weeds, acreages, etc. Property sells “AS-IS” and subject to easements, covenants, CRP contracts and reservations, if any, now existing against said property. Property is selling subject to the owner’s confirmation. NO WARRANTIES are either expressed or implied by Seller or United Country Stutzman Realty & Auction.