Online Only Auction
Belmont Co. Ohio Oil & Gas Mineral Rights
Location: Goshen Township * Belmont Co., OH
Begins Ending Thursday, June 19th @ 6:00 PM
71.62 Net Acres Oil and Gas Rights | Goshen Twp. | Belmont County
With a renewed focus on development in the “dry gas” window this deal represents an opportunity for near-term capital recoupment as the minerals are selling un-leased. Goshen Township has proven high volume production with very little undeveloped acreage remaining.
Subject #1: 35.81 Acres- Belmont County, Goshen Twp. * 50% undivided interest in 71.62 acres of Oil and Gas minerals (35.81 net acres) Being part of the North half of Section 31, Township 7, Range 5, in the Township of Goshen
Lease Status: Unleased by virtue of Pugh Clause.
Subject #2: 35.81 Acres- Belmont County, Goshen Twp. 50% undivided interest in 71.62 acres of Oil and Gas minerals (35.81 net acres) Being part of the North half of Section 31, Township 7, Range 5, in the Township of Goshen
Lease Status: Unleased by virtue of Pugh Clause.
Surface Parcels for location reference Only: 08-00006.000; 08-0006.001; 08-00006.002; 08-00006.003; 08-00006.006
Bidding: Bids are based on a per acre basis. Final calculation will be your bid x acre amount + 10% Buyers Premium.
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. Electronic copies are acceptable. No financing contingencies. Time is of the essence in all closings. Sellers have 24 hours from closing of auction to accept or decline the highest bid. The deposit is refundable in the event the seller is unable to deliver a Limited Warranty Oil & Gas Mineral Deed and Title that parallels the description and lease status of subject property offered at 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
