Clare County, Michigan - Mineral Rights for Sale

Property Overview

Location:  Redding Township, Clare County, Michigan

Legal Description:  Section 24, T19N-R6W: NW/4 NE/4, EXCEPT that part lying North of a line commencing at the N/4 corner of Section 24, thence South 110.60 feet to P.O.B., thence East to a point on the E/8 line that is South 111.01 feet from the NE corner of NW/4 NE/4 (P.O.E).

Gross Tract Acreage:  36.64 acres

Interest Offered:  16.64 Net Mineral Acres (45.4% of the gross tract)

Mineral Type:  All oil, gas, and other minerals

Lease Status:  Currently unleased - no active lease encumbrance; full bonus and royalty terms open to negotiation with new buyer.

The new producing well, Cole 1-26, is less than 1 mile away from the Section 24 minerals offered for sale. In the 9 months of reported production, Cole 1-26 has produced 3,712 barrels of oil - an average of 35/month.

The most current oil/gas permit update from the State of Michigan, which shows new activity near the minerals, is included in the Data Package located in the Documents tab.

MCEE Land will file the Mineral Deed for the winning bidder. Recording fee is $120.00 and will be added to the invoice.

Please provide title information to info@mceeauction.com within 24 hours after the auction to start the filing process.