Southeastern Ohio Oil & Gas Mineral Auction
79+/- Net Mineral Acres in Freeport Township of Harrison Co.
Online Only Bidding ends June 23rd 2022
Bidding starts closing at 5:00 PM w/extended bidding.
Offering an exceptional investment in the heart of the Utica/Point Pleasant Shale play in Southwestern Harrison Co. just north of Londonderry Township of Guernsey Co. Buyer has the option of buying 25% or 50% of the 79.154 acres being sold.
Subject #1 39. 577 Acres - Harrison County, OH. Freeport Township 25% Undivided interest in 158.308 Acres of Oil & Gas Minerals (39.577 net Acres) in Sec. 11,17 & 18 Township 11, Range 7 Leased at 1/8th (12.5%) HBP Operator is RHDK OIL & GAS LLC/DBA RED HILL. * Copy of Oil and Gas Lease under “Documents” Tab * Surface Parcel ID#s 09-0000134.000, 09-0000134.001, 09-0000136.000, & 09-0000138.000.
Subject #2 39. 577 Acres - Harrison County, OH. Freeport Township 25% Undivided interest in 158.308 Acres of Oil & Gas Minerals (39.577 net Acres) in Sec. 11,17 & 18 Township 11, Range 7 Leased at 1/8th (12.5%) HBP Operator is RHDK OIL & GAS LLC/DBA RED HILL. * Copy of Oil and Gas Lease under “Documents” Tab * Surface Parcel ID#s 09-0000134.000, 09-0000134.001, 09-0000136.000, & 09-0000138.000
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 agreement 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 [email protected]
