8 Well Package (Producing MI/RI & NPRI) – The King 45-04
Permian Basin –Spraberry Field

This lot contains various royalty interests (producing minerals) in the King 45-04 Unit and various non-participating royalty interests in the King 4504 C and King 4504 D units, all located in Howard County, Texas. Operated by Vital Energy, Inc. of Tulsa, Oklahoma.  Combined, these wells have produced an average of approximately 3,476 BOPD and 4,054 MCFPD over the past six (6) month reported period.

The monthly net revenue conveyed is $202.25 based on a 6-month  income average.  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 charts for the conveyed decimal interest and average monthly income.

Effective Date:  January 1, 2024.

This is a Buy-It-Now auction with multiple quantities available for immediate purchase.  To purchase one or more quantities of this lot, click on 'Buy Now', enter the quantity being purchased 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.

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 conveyances 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 $135.00 and will be added to the invoice.

Click on the Documents tab for the Data Package 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.