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.

47 Net Mineral Acres (120 Gross Acres) in Section 13, Township 12N, Range 9W in Montcalm County, Michigan. 

(Seller comments): These minerals were all producing from deep, oil rich, formations with great production. The operator was new and all of a sudden, for whatever reason, plugged the wells and walked away never to be heard of again. Seller believes there is still a lot of oil at the bottom of these wells. Just needs someone to come along and develop these wells again.

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.