Doddridge County Oil & Gas Rights Auction (Online Only)
Income Producing Marcellus Well
The Estate of Israel James Williams III
Â Â Â Â Â Â Â Â Location: Israels Fk West Union, WV
Date: Bidding is open & ends Tuesday, October 30th @ 12:00 Noon
*1/4 interest of 241 Acres (According to tax map)Â Oil & Gas Rights - Including Royalties *15% Well head Royalty
*1/4 interest of 203.5Â acres (According to lease) 2018 January through August Income isÂ $99,814.80
*1/4 O & G 127 Acres Israels Fk *Map/Parcel 9999 0003 1483 0000
*1/4 O & G 28 Acres Israels Fk *Map/Parcel 9999 0003 1484 0000
*1/4 O & G 86 Acres Israels Fk *Map/Parcel 9999 0003 1426 0000
KAUFMAN REALTY & AUCTIONS OF WV
399 W. Main St.
Bridgeport, WV 26330
David Anthony Kaufman, Broker
Jeff Brown Auctioneer/ Realtor
Auc. Lic. #2280
In conjuction with
Successful bidders will deposit a nonrefundable 10% of the contract price in the form of cashier’s check or wire transfer to Kaufman Realty & Auctions of WV within 48 hours of the close of the Auction.
Notice: This Auction is set to close Tuesday, October 30th at Noon & will extend 5 minutes if someone places a bid within the last 5 minutes of the time and will continuously do so until no one bids for that time period. The Auction will close once no bids are placed in that 5 minute time frame.
Successful bidder will be emailed a contract to be executed and returned to Kaufman Realty & Auctions of Wv.
The entirety of the remaining balance is due at closing. Instructions for wire transfer and /or cashiers check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for all wire transfer fees, title & lien search and due diligence.
No financing or other contingencies. Any required inspections must be completed prior to bidding. All information contained herein derived from sources deemed reliable but not warranted. Sold as is no warranties written or implied. Property will be sold free and clear of any & all liens and encumbrances. 30 days to close. 10% buyer’s premium will be added to the last bid and will determine the final contract price.
Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default.
Buyers Premium Example:
Bid Price: $100,000
Plus 10% Buyers Premium: $10,000
Total Contract Price: $110,000
Down Payment $11,000
High BidBid Increments
$1 - $50,000$1,000
$50,001 - $5,000,000$5,000
DISCLOSURE: Kaufman Realty & Auctions of WV is acting as Auctioneer/agent and is an agent for the seller only.
DISCLAIMER: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.