Marble Falls - Miss Producing Royalties *** NO RESERVE!! ***
Lot Number:15
Completed
Start Time:1/8/2020 5:30:00 PM
End Time:1/15/2020 8:18:45 PM
Bid Count:35
High Bidder:5****9
Starting Bid:$1.00
Bid Increment:$100.00
Current Bid:$2,901.00
Bidding complete
Royalty Interest in Jack, TX
Operator:Oakridge Oil & Gas, LP
County:Jack
State:TX
Legal Description:See data package
Decimal Interest:Decimal Interest: Fitzgerald 1 (Gas) - 0.00208333 Fitzgerald 3 (Gas) - 0.00416667 Fitzgerald 3 (Oil) - 0.00416667 Fitzgerald 4 (Gas) - 0.00416667 Fitzgerald 4 (Oil) - 0.00416667 Fitzgerald 5 (Gas) - 0.00208333 Fitzgerald 6 (Gas) - 0.00437500 Fitzgerald 6 (Oil) - 0.00437500 Fitzgerald-McCarty 1 (Gas) - 0.00260417 Fitzgerald-McCarty 1 (Oil) - 0.00260417
Monthly Net Income:$43.32/month
Additional Information:Production Breakdown: 67.93% - Oil 32.07% - Gas 0.00% - NGL Cash Flow Represents 25.00% of Check Statements Decimal Interest: Fitzgerald 1 (Gas) - 0.00208333 Fitzgerald 3 (Gas) - 0.00416667 Fitzgerald 3 (Oil) - 0.00416667 Fitzgerald 4 (Gas) - 0.00416667 Fitzgerald 4 (Oil) - 0.00416667 Fitzgerald 5 (Gas) - 0.00208333 Fitzgerald 6 (Gas) - 0.00437500 Fitzgerald 6 (Oil) - 0.00437500 Fitzgerald-McCarty 1 (Gas) - 0.00260417 Fitzgerald-McCarty 1 (Oil) - 0.00260417 CLICK THE DOCUMENTS TAB FOR ADDITIONAL INFORMATION.
The assets in this package (Royalty Interest in 6 producing vertical wells) are located in the Marble Falls and Mississippian formations within Jack County, Texas.Over the past 6 months, there have been 21 new permits filed in Jack County. 3 of these permits have been filed by the operator of these assets, Oakridge Oil and Gas. There has recently been a revitalization of the Marble Falls in Jack County, with many operators recompleting old wells to induce additional production above and beyond old numbers.
Production Breakdown: 67.93% - Oil 32.07% - Gas 0.00% - NGL
Cash Flow Represents 25.00% of Check Statements
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Kansas
United States
United States
Lot Documents:
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