Sale Name: BidEX Online Auctions 2025
LOT 6316 - Pfeifer-Scheele Huth Unit
County   Karnes
State   TX
Operator   Marathon Oil Co.
Acres   358.7
Monthly Net Income   $103.16
Additional Information   This lot has a reserve.
Description

This lot contains various royalty interests of producing minerals in 7 wells located in Karnes County, Texas.  

These wells are operated by Marathon Oil Company of Houston, Texas.

Legal Description:  Marathon Oil EF LLC - Scheele Huth A Unit, being 358.7 acres, more or less, more specifically described in that certain Declaration of Pooled Unit, dated February 20, 2012, recorded in Volume 1032, Page 227, of the Official Public Records of Karnes County, Texas, together with any amendments and revisions thereto.

The income represents 1/15th of seller's total interest. The monthly net revenue conveyed is $106.16 based on 2 months of revenue. The listed income is a historical monthly average from operator statements and is not a future prediction. In making a bid or offer, Buyer has or will rely solely on Buyer’s independent examination of the properties offered for sale, taking into consideration variables such as the type and age of wells, their location, their future decline, etc.  MCEE does not predict or warrant future income to be derived from the properties offered for sale.

The effective date is September 1, 2025.

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.  Please refer to the charts above.

Winning bidder should contact info@mceeauction.com if interested in adding additional lots to their bid.

MCEE Land will record the conveyance for the winning bidder.  The operator will be notified of the new ownership and the recorded instrument will be mailed to the buyer with operator contact info included.  The recording services fee is $150.00 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.

Quantity: 4