This is a line item from the Michigan Basin Mineral Estate PICK YOUR TRACT list. Additional information and a list of all tracts being sold is available in BidEx Auction Lot 5520.

39.1 Net Mineral Acres (39.1 Gross Acres) in Section 2, Township 17N, Range 1W in Gladwin County, Michigan.

Wells all around. Adjoining this tract to the West are many shallow Dundee Formation oil wells and to the East are several deep Prairie De Chein Formation wells.

All minerals are perpetual and include all formations.

There is no cost whatsoever in owning minerals in Michigan. No property taxes, etc. Also, there is no Michigan Income Tax on Royalty Income. Severance Tax is in lieu of Michigan Income tax on royalty.

Fixed Price $225/NMA.

MCEE will file the Mineral Deed for the winning bidder.  The recording fee is $120.00 and will be added to the invoice. 

This is a Buy-It-Now auction with one lot available for immediate purchase. To purchase this lot, click on 'Buy Now' and click 'Buy'.  The total amount will be shown. Click 'Buy Now' to complete the purchase.  An invoice will automatically be sent immediately following the sale.