9 Well Package (Producing MI/RI and NPRI)- Zion Howard County, TX

Permian Basin – Spraberry Field

This lot contains various non-participating royalty interests in seven (7) horizontal wells and a royalty interest of 0.015625% (producing minerals) in the Guthrie 15 #1 and #2 wells, all located in Howard County, Texas. Operated by Ovintiv USA Inc. of Denver, Colorado.

Combined, these wells are currently producing an average of approximately 5,253 BOPD and 5,580 MCFPD.

Income represents 1/10th of seller's total interest.  The monthly net revenue conveyed averages $497.76 based on four 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 August 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.