MINERAL ONLINE ONLY AUCTION * INCOME PRODUCING
ENDS TUESDAY MAY 1ST 10AM
-photo is for marketing purposes only
Caddo County OK
Undivided 18 acres in Southeast Quarter Section 17, Township 11, Range 13 Caddo County Oklahoma
Unit is the operator of the Frost 1-17 well spaced 640 acres
Operator: Unit Petroleum Company 2017 income $649.43
Blaine County OK
Tract 195: Lots 13-20 and the South 20 feet of Lot 21 in Block 35, Hydro Townsite 1.302943 NMA
Tract 337: Lots 1-6 Block 78 Hydro Townsite .770130NMA
Operator: Continental Resources income 2017 $3,764.03
Minerals will transfer with Mineral Quit Claim Deed. 100% due at the end of the auction.
Buyer will have 30 days to do any diligence. SUBJECT TO ANY EXISTING LEASES
Abstract of Title: Buyer understands and agrees that it is Buyer’s sole responsibility to satisfy himself or herself as to the quantity of oil, gas and other minerals owned by Seller and as to the status of the title of any oil, gas and other mineral interest owned by Seller. Seller makes no representation or warranties of any kind as to the quantity of the mineral acres or fractional interest in the oil, gas and other minerals owned by Seller. Seller has no obligation whatsoever to furnish to Buyer an abstract of title to the oil, gas and other minerals being sold pursuant to this Agreement, or furnish any other evidence of title to Buyer. In no event shall Seller be required to pay for any cost associated with updating, supplementing or compiling an abstract of title. Except as otherwise stated herein, Seller agrees to deliver to Buyer marketable title to the oil, gas and other minerals Seller owns in and under the Property, subject to surface use and ownership, reasonable utility easements, rights-of-way, restrictive or protective covenants of record, if any, oil and gas leases, if any, and outstanding oil, gas and other mineral interests owned by third parties. Buyer agrees to satisfy himself as to the status of Seller’s title in the oil, gas and other minerals in and under the Property and will notify Seller of any objections to title within 10 days of the date of this contract first written above.
Notwithstanding anything herein to the contrary, Buyer and Seller agree that Seller shall have no obligation to furnish to Buyer Certificates of Non-Development or Certificates of Records Search from the Oklahoma Corporation Commission, or to furnish to Buyer an abstract of spacing covering the Property, or any other information concerning the spacing and unitization that may exist for the Property.
No matter shall be construed as a valid objection to title under this contract unless it is so construed under the Real Estate Title Examination Standards of the Oklahoma Bar Association, where applicable. In case of valid objections to title, Seller shall have 60 days from being notified of such objections, or such additional time as may be agreed to in writing by Buyer and Seller, to satisfy such objections. If such valid objections cannot be satisfied within the time specified in this paragraph, any earnest money paid pursuant to paragraph 2(A) herein shall be returned to Buyer and this contract shall be of no force and effect
Any and All Items sold: Lippard Auctioneers Inc will not be responsible for any errors or omissions in the description of the merchandise unless it is a material and intentional misrepresentation of the item itself. Bidder agrees that everything is sold as is and that they may not return any item they purchase. Bidders who bid from off site and are not present to preview understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determining factor. Lippard Auctioneers Inc. shall endeavor to describe in detail each item and any pertinent information about it. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Lippard Auctioneers Inc or anyone else if the Internet service fails to work correctly before or during the live auction.
Auction Company reserves the right to bid on their own behalf, on the behalf of a bid left by other buyers
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NAME OF PROPERTY: Two Lakes 160-SKB
ACREAGE: 160 acres
LOCATION: 2 hrs S of Tulsa, OK, 1 hr W of Ft. Smith, AR
CLOSEST TOWN: Quinton
ACCESS: County road
TOPOGRAPHY: Flat to very gently rolling
IMPROVEMENTS: Well, concrete house pad, 2 lakes, 3 ponds
FORAGE: Bermuda Grass and native grasses
WATER: Lakes, ponds, and seasonal streams
WILDLIFE: Whitetail, squirrels, turkey, dove, other
UTILITIES: Electricity at the county road.
DEVELOPMENT POTENTIAL Could be subdivided
This unique 160 acres features over $38,000.00 of marketable timber according to a timber cruise completed in April, 2017. That value did not include the value of Pine Topwood. The two lakes, three ponds and seasonal streams add recreational opportunities that the average recreational tract is lacking, i.e., fishing, swimming, waterfowl hunting. And the abundant water supply and cover should attract and hold wildlife on location. The property has county road access, an electrical line is in place to an old homesite on the land. However, the line is probably not "live" at this time. There is a concrete pad where the old home once was, an old water well (usability unknown), and a trail system through much of the property. One-half mile down the road is a 641 acre recreational tract with 23 ponds and approximatly $300,000.00 in marketable timber. Robbers Cave State Park and Lake Wayne Wallace are within a ten minute drive. Call Sandy Brock Bahe with any quesitons or to view the property at 918-470-4710 or Toll Free at 844-ALB-LAND.