8 Well Package (NPRI) – Duncan, Krudwig, Jendrusch     Karnes County, Texas

Eagle Ford Shale - Eagleville Field

This lot contains various non-participating royalty interests in eight (8) wells located in Karnes County, Texas. Operated by Devon Energy Production Company, L.P. of Oklahoma City, Oklahoma.

Combined, these wells are currently producing an average of approximately 719 BOPD and 2,191 MCFPD (includes unit production).

Legal Description: Plains Exploration & Production Company - Duncan Unit, being 233.34 acres, more or less, situated in the J.T. Dillon Survey, the Peter S. Elliott Survey, and the Andres Soto Survey, Karnes County, Texas, more specifically described in that certain Designation of Unit, dated effective January 27, 2012, recorded in Volume 1027, Page 390, of the Official Public Records of Karnes County, Texas.

Income represents 1/5th of seller's total interest.  The monthly net revenue conveyed averages $338.28 based on three months of revenue. The listed income is a historical monthly average based on paystubs from the operator, not a future prediction. MCEE does not predict or warrant future income - that is for the buyer to evaluate during their due diligence.

Note:  The Revenue Statement included in the data package is for information purposes and is not representative of the interest owned by the seller or what is being conveyed in this lot.  See chart above for the conveyed decimal interest.  

Effective Date:  January 1, 2025

IRS Sec. 1031 EXCHANGE. The Seller intends that the sale of this property will qualify as a tax-deferred exchange under Section 1031 of the Internal Revenue Code. Buyer is hereby notified Seller has assigned its rights as Seller in Mid-Continent Energy Exchange LLC’s (“Mid-Continent”) online oil and gas market place, to Petroleum Strategies, INC. (“PSI”), in an Assignment of Rights in order to effect a like-kind exchange of property under IRS Section 1031 Regulations, as provided for in arrangements made a part of the Mid-Continent listing.

MCEE Land will record the conveyance for the winning bidder.  Once received the operator will be notified of the new ownership and provided a copy of the recorded conveyance.  The original recorded instrument will be mailed to the buyer with operator contact info included.  The recording, notifying and document fees are $135.00 and will be added to the invoice.

Click on the Documents tab for the Data Package which includes a draft of the conveyance that will be recorded.  When the auction is complete, please provide title information to info@mceeauction.com within 24 hours to start the filing process.