11 OIL WELLS, 1 WATER INJECTION, 7 BBL/DAY +/-, 860 ACRES HBP. LIST PRICE: $444,000.00
Jefferson County, Illinois Oil & Gas Production
11 OIL WELLS, 1 WATER INJECTION, 7 BBL/DAY +/-, 860 ACRES HBP.
LIST PRICE: $444,000.00
1. UPPER SALEM WATERFLOOD UNIT, JEFFERSON COUNTY, ILLINOIS
LARRY SCRIVNER, LINCOLN CRUDE OIL MARKETING LEASE #101270
NELSON CHAMBLISS, LINCOLN CRUDE OIL MARKETING LEASE #101263
PAULINE CHAMBLISS, LINCOLN CRUDE OIL MARKETING LEASE #101265, 101264
JESSE ELLIS #1, LINCOLN CRUDE OIL MARKETING LEASE #101266
HICKEY ETAL, LINCOLN CRUDE OIL MARKETING LEASE #101267
JOHNSON ETAL UNIT, LINCOLN CRUDE OIL MARKETING LEASE #101268
WENDELL LISENBY, LINCOLN CRUDE OIL MARKETING LEASE #101260
IRVIN POOLE ET AL #1, LINCOLN CRUDE OIL MARKETING LEASE #101269
GRACE RANDALL ETAL, LINCOLN CRUDE OIL MARKETING LEASE #101261
BURRELL SLEDGE 2. 3, LINCOLN CRUDE OIL MARKETING LEASE #101271
BURRELL SLEDGE COMM. ET AL, LINCOLN CRUDE OIL MARKETING LEASE #101273
BURRELL SLEDGE B-2, 3, 4, LINCOLN CRUDE OIL MARKETING LEASE #101272
BURRELL SLEDGE C 1 & 2, LINCOLN CRUDE OIL MARKETING LEASE #101272
SLEDGE HEIRS A, LINCOLN CRUDE OIL MARKETING LEASE #101274
SLEDGE HEIRS D, LINCOLN CRUDE OIL MARKETING LEASE #101262, 101259
2. GRACE RANDALL – NON UNIT, LINCOLN CRUDE OIL MARKETING LEASE #101277
3. JESSE ELLIS #1 – NON UNIT, LINCOLN CRUDE OIL MARKETING LEASE #101256
4. JESSE ELLIS C – NON UNIT, LINCOLN CRUDE OIL MARKETING LEASE #101258
5. SCRIVNER – NON UNIT, LINCOLN CRUDE OIL MARKETING LEASE #101257
Type of Interest conveyed: Leasehold Interest/Working Interest/Operating Interest. No land/surface/mineral ownership.
Personal Property: Seller to convey personal property located on the leased premises, including but not limited to tanks, pump jacks, motors, injection pumps, tubing, rods, and other equipment used in the daily operations for the production of oil and/or gas, unless specifically reserved. Seller shall convey all personal property through a bill of sale.
Terms: 10% (or other accepted amount) escrow deposit due on the date of contract acceptance, 6% buyers premium due at closing, closing to occur as soon as necessary documents are prepared. Have financial arrangements made prior to submitting offer, sale is not contingent on buyer (s) ability to obtain financing.
Title: Buyer at buyer's cost and expense, shall perform all title searches, lien searches, due diligence checks and other research pertaining to the property, as permitted by the sales contract, prior to closing, seller agrees to provide to buyer all information contained in the seller's files (subject to a non-disclosure agreement) that pertain to the title, including copies of assignments, leases, advalorem tax statements, oil run statements, division orders, mortgages and other information that supports the validity of the lease and seller's ownership thereof and seller agrees to transfer all interest they own in the property, free and clear of all liens, mortgages, and back taxes.
SUCH ARE URGED TO PERFORM DUE DILLIGENCE AND BASE THEIR DECISIONS UPON THAT INFORMATION.
Bp
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