This is a 16-well producing MI/RI package in the Permian Basin.
The Revenue Statements in the Data Package (click on the Documents tab) reflect the full interest owned. The cash flow table reflects the actual interest being conveyed.
The winning bidder has the option of additional lots at the winning bid price.
Please Note: The MCEE land department will record the conveyance for the winning bidder. They will then notify the operator of the new ownership by sending a copy of the recorded deed requesting the interest be put into suspense and division orders sent out. The recorded instrument will be mailed to the buyer with operator contact info included. The recording, notifying and document fees are $150.00 per lot.
The deed will need to be recorded in two counties so will take additional time for the winning bidder to receive the recorded deed.
Click on the Documents tab for the Data Package which includes a draft of the deed that will be recorded. When the auction is complete, please provide title information to email@example.com within 24 hours to start the filing process.
The effective date is January 1, 2023.
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