Lawless Gas Unit
Lot Number:1271
Completed
Start Time:5/9/2023 1:00:00 PM
End Time:5/16/2023 7:15:00 PM
Bid Count:32
High Bidder:5****9
Starting Bid:$100.00
Bid Increment:$100.00
Current Bid:$2,900.00
Bidding complete

This lot includes the mineral and royalty interests in three (3) producing wells in Panola & Harrison Counties, Texas. 

Lawless 3H - API: 42-203-35495
Lawless 2H - API: 42-203-35494
Lawless 1H - API: 42-203-35393

The monthly net revenue conveyed is $145.24/month based on two 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 $230.00 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 info@mceeauction.com within 24 hours to start the filing process.

 


County:Panola & Harrison
State:TX
Operator:Sabine Oil & Gas Corp.
Acres:686.022
Legal Description:B. Anderson Survey, A-30 & A-2
Decimal Interest:0.000026602, 0.000032733, 0.000032733
Monthly Net Income:$145.24
No donations for this lot

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