John Gerdes & Helweg Units ORRI
Lot Number:1258
Start Time:5/2/2023 1:00:00 PM
End Time:5/9/2023 7:31:00 PM
Bid Count:55
High Bidder:5****4
Starting Bid:$100.00
Bid Increment:$250.00
Current Bid:$5,750.00x 4= $23,000.00
Bidding complete
Reserve met

5-Well Overriding Royalty Interest in Burleson County, TX.

API: 42-051-33194 - Fillippone Marion J. Fee 8H 
API: 42-051-34365 - John Gerdes 3H
API: 42-051-34364 - John Gerdes HCX2 2H
API: 42-051-34363 - John Gerdes HCX1 1H 
API: 42-051-31237 - Fillippone Marion J. Fee 4H 

The monthly net revenue conveyed is $167.79/month based on four months of revenue statements.

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.

The MCEE Land department will record the conveyance for the winning bidder.  Once received the operator will be notified of the new ownership by sending a copy of the recorded conveyance requesting the interest be put into suspense and division orders sent out.  The recorded instruments will be mailed to the buyer with operator contact info included.  The recording, notifying and document fees are $120.00 and will be added to the invoice.

Click on the Documents tab for the Data Packages which includes a draft of the conveyance that will be recorded.  When the auction is complete, please provide title information to within 24 hours to start the filing process.


Operator:Chesapeake Operating, LLC
Legal Description:Survey, A-26 BHL: A. Bass Survey, A-71
Decimal Interest:0.000169191, 0.000027389, 0.000027956, 0.000028164, 0.000169191
Monthly Net Income:$167.79
No donations for this lot

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