12300 Producing Royalties
Lot Number:5
Completed
Start Time:5/6/2020 5:00:00 PM
Bid Count:23
High Bidder:5****3
Starting Bid:$1.00
Bid Increment:$100.00
Current Bid:$2,000.00
Bidding complete

1 Producing Vertical Well

 

Production Breakdown:

17.92% - Oil
59.41% - Gas
22.67% - NGL

Cash Flow Represents 15% of Check Statements

Decimal Interest:  0.020625000 x 15% interest being sold

Legal Description:  One Hundred Sixty-three (163) acres of land, more or less, being approximately 74.9 acres out of the Delores Aldrete Survey, A-52, and 88.1 acres out of the Stephen Prather Survey, A-385, and being the same land described in deed from Thelma Jones and husband, Zach Jones, to Dianne Poetter, dated September 13, 1949, recorded in Volume 128, Page 188 of the Deed Records of DeWitt County, Texas, and which is referenced in a royalty deed between Myldred Martin McDonald and Delinda S. McDonald Richman in Volume 57, Page 106 of the Official Public Records of DeWitt County, Texas dated May 26,1999.


Operator:Vernon E. Faulconer, Inc.
County:Dewitt
State:TX
Monthly Net Income:$54.62
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