Corrections and Additions for the Feb 26, 2019 live auction
Lot 3, 3.2, and 3.3 – Buyer will have a 3x option. This ORRI covers 640 Acres
Lot 4: Well #4 being completed. There is a 5th and 6th drilling location.
Lot 5: the correct decimal for the royalty is (waiting on division order )
Lot 6: Township is 33s not 32s
Lot 8: Lot 8 was moved to lot 32.2. It is an ORRI that goes with lot 32 but will sell separately
Lot 10: Schultz lease holds 10 acres
Lot 12 and 12.2 – Buyer will have a 2x option.
Lot 19 and 19.2 – Buyer will have a 2x option
Lot 20: Ostmeyer lease holds 10 acres
Lot 23: royalty decimal .00009196 This is a 3/16 lease
Lot 24: Lease has Simpson sand potential. 3D Seismic Cutout available. Very nice Equipment.
Lot 27: Generator and fuel tank on lease do NOT sell. Seller is retaining these.
Lot 29, 29.2, and 29.3 – Buyer will have a 3x option. This ORRI covers 640 Acres
Lot 32: Immediately following the sale of this lease we will sell the orri on the 6.25% ORRI in the Westhusin. It is lot 8 in the printed books and lot 32.2 online.
Lot 35: There is an additional well scheduled on this acreage for 2019
Lots 40 through 51 will all sell individually. The clerk will total each lot and give the auctioneer a grand total. These lots will then be sold combined as one lot with the bidding starting at the combined total plus the bid increment.
Lot 52 and 52.2 – Decimal interest should be .015625 each instead of .0078125. Income is correct; decimal is not. Buyer will have a 2x option (2 sisters are selling identical interests)
Lot 53: Lease has Simpson sand potential. 3D Seismic Cutout available. Very nice Equipment.
Lot 57: Good Arbuckle production under CIBP. Excellent equipment.
Lot 72 and 72.2 – Buyer will have a 2X option. Lease is in Cowley Co, NOT Stafford Co.
Lot 73: Operator is Paradise Creek Oil and Gas Company, INC – NOT Randy Prater