16-Well Package in the Permian Basin - Spraberry Field. This lot contains various royalty interests (producing minerals) in sixteen (16) wells located in Midland County, TX. Operated by Pioneer Natural Resources, USA, Inc. of Irving, TX.
Legal Description: W 100 acres of the North 3/8th of Sec 16, Blk 39, T-2-S, T&P RR Co. Survey
Combined, these wells are currently producing an average of approximately 12,725 BOPD and 11,135 MCFPD. The Casbeer #2 well is currently non-producing.
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. Seller is conveying one-sixth (1/6th) of its right, title and interest in this lot. Please refer to the information in this description for conveyed amounts.
Winning bidder has the option of up to 5 additional lots at the winning bid price.
Please Note: The MCEE Land department will record the conveyances for the winning bidder. They will then notify the operators of the new ownership by sending a copy of the recorded deeds 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 will be added to the invoice.
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, it is requested the winning bidder provide title information to email@example.com within 24 hours to start the filing process.
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