Harrison Co. Ohio Oil & Gas Mineral Online Only Auction SOLD $366,500

Harrison Co. Ohio Oil & Gas Mineral Auction  

Attractive Investment Opportunity in Harrison Co.

  
 Online Only Bidding ends February 27th, 2024  

Bidding starts closing at 6:00 PM w/extended bidding.   

  
   

Offering an exceptional investment in the volatile oil window of the Utica/Point Pleasant Shale play.   

  

Subject #1 43.27 Acres - Harrison County, Freeport Township * 50% undivided interest in 86.54 Acres of Oil and Gas Minerals (43.27 net acres) Section 18, Range 7, Township 11.  Surface Parcel #s 09-0000172.000, and 09-0000171.000   

Lease Status:  HBP RHDK Oil & Gas LLC/DBA Red Hill 12.5% Royalty Well API #34067203850000

 

Bidding: Bids are based on a per acre basis. Final calculation will be your bid x43.27 + 10% Buyers Premium.

  

   

See website for additional information and supporting documents.   

Auction Terms: 10% Buyers’ Premium added to the final bid price to determine the contract price.  10% Non-refundable deposit wired to the Kaufman Realty & Auctions Trust Account within 24 hours of the completion of the auction if purchased online, via phone, or absentee bid.  Online, phone and absentee buyers must execute purchase agreements and disclosures and return them to Kaufman Realty & Auctions within 24 hours of the end of the auction.  Electronic copies are acceptable.  No financing contingencies, in bidding either online, via phone or by absentee bid the bidder is stating they will have funds to close as per terms.  Time is of the essence in all closings.  
 Deposit 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 is selling!  

FINAL PURCHASE PRICE WILL BE ADJUSTED TO THE EXACT 1/100 ACRE ON THE PURCHASE AGREEMENT  

   

KAUFMAN REALTY & AUCTIONS                                                  
  (855) 439-4111  
  www.kaufman-auctions.com              
    
  Jason L. Miller Partner Auctioneer  
  740-541-7475 or jason.miller@kaufmanrealty.com