RCC Tract 1
Canadian County, OK
State of Oklahoma Oil, Gas and Helium Sealed Bid Lease Sale, June 23, 2021
SOLD
SOLD
Registration Status:
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Tract:
RCC Tract 1
Gross Acres:
44.05
Net Acres:
44.05
Time Remaining:
Auction has ended
Start Time:
5/24/2021 10:30 AM CDT
End Time:
6/23/2021 10:30 AM CDT
Minimum Bid:
$220.25
Total Tract Cost at Minimum Bid:
$312.76
(Bonus + Delay Rental + 2% Buyer Premium)
Legal Description:
T13N, R08W IM
Sec. 25 LOT 2, less and except a part of Lot 2 described as follows: Beginning at a point whence the NE corner of said Section 25, bears North 64 degrees 44' 23" East a distance of 5,635.49 feet, and whence the North Quarter corner of said Section 25 bears North 45 degrees 30' 19" East, a distance of 3,431.34 feet
thence, South 66 degrees 23' 43" East a distance of 468.43 feet
thence, South 74 degrees 49' 33" East, a distance of 391.69 feet
thence, South 77 degrees 30' 00" East, a distance of 280 feet to an existing fenceline
thence, along said existing fenceline, South 02 degrees 43' 49" West a distance of
529.30 feet to a point on the Northerly bank of the North Canadian River
thence, along said Northerly bank the following five courses: 1) thence, North 89 degrees 55' 14" West, a distance of
284.55 feet
2) thence, North 64 degrees 59' 36" West,a distance of
122.62 feet
3) thence, North 49 degrees 26' 16" West, a distance of
164.58 feet
4) thence, North 34 degrees 49' 02" West, a distance of
653.61 feet
5) thence, North 62 degrees 35' 07" West, a distance of
227.90 feet
thence, departing from said Northerly bank, North 27 degrees 24' 53" East, a distance of
88.56 feet to the point of beginning. Leasing 1.47 acres, more or less
A parcel described as beginning at the SE corner of the NW/4 NW/4 thence due North 250 feet, thence due West 425 feet, thence due South 250 feet, thence due East 425 feet to the place of beginning, containing
2.58 acres
SW/4 NW/4. All less and except the accretion and riparian rights lying outside of Section 25-13N-08WIM. Any use of the surface lands covered herein shall require the permission of the lessor.
Tract Details
Tract No.
RCC Tract 1
County, State
Canadian, OK
Legal Description
T13N, R08W IM
Sec. 25 LOT 2, less and except a part of Lot 2 described as follows: Beginning at a point whence the NE corner of said Section 25, bears North 64 degrees 44' 23" East a distance of 5,635.49 feet, and whence the North Quarter corner of said Section 25 bears North 45 degrees 30' 19" East, a distance of 3,431.34 feet
thence, South 66 degrees 23' 43" East a distance of 468.43 feet
thence, South 74 degrees 49' 33" East, a distance of 391.69 feet
thence, South 77 degrees 30' 00" East, a distance of 280 feet to an existing fenceline
thence, along said existing fenceline, South 02 degrees 43' 49" West a distance of
529.30 feet to a point on the Northerly bank of the North Canadian River
thence, along said Northerly bank the following five courses: 1) thence, North 89 degrees 55' 14" West, a distance of
284.55 feet
2) thence, North 64 degrees 59' 36" West,a distance of
122.62 feet
3) thence, North 49 degrees 26' 16" West, a distance of
164.58 feet
4) thence, North 34 degrees 49' 02" West, a distance of
653.61 feet
5) thence, North 62 degrees 35' 07" West, a distance of
227.90 feet
thence, departing from said Northerly bank, North 27 degrees 24' 53" East, a distance of
88.56 feet to the point of beginning. Leasing 1.47 acres, more or less
A parcel described as beginning at the SE corner of the NW/4 NW/4 thence due North 250 feet, thence due West 425 feet, thence due South 250 feet, thence due East 425 feet to the place of beginning, containing
2.58 acres
SW/4 NW/4. All less and except the accretion and riparian rights lying outside of Section 25-13N-08WIM. Any use of the surface lands covered herein shall require the permission of the lessor.
Mineral Rights %
100.00%
Net Acres
44.05
Gross Acres
44.05
Royalty
3/16ths
Rental Due
$88.10
Advertisement Fee
To Be Determined by RCC
Lease Term
3
RRC Terms & Conditions of Sale
TERMS AND CONDITIONS OF SALE: The Lease will be on a form prescribed by the CLO for a term of three years, and as may be extended, and will provide for 3/16ths royalty, and an annual delay rental of $1.00 per net acre to be paid in full before lease is issued, in addition to lease bonus. Bids shall be for a cash bonus for each tract, but no bid of less than $5.00 per acre will be considered. The successful bidder shall be liable for the full amount of the bid, all delay rentals and cost of advertising. Full payment is due 30 days from the date of acceptance of the bid.
Click here to view the lease form.
Failure to comply with any of the terms and conditions of sale will be grounds for the cancellation of the award and the retention of the deposit of earnest money as liquidated damages at the election of the Secretary.
The Redlands Community College, the Commissioners of the Land Office, and the State of Oklahoma make no warranty of title and reserve the right to reject any and all bids.
NOTE: These leases do not include and specifically exclude the right to conduct exploration or production activities of any kind on the surface of the lands covered herein.
Important Notice Regarding Lessee Name
Please note that you must bid in the name you want on your lease.
Once the auction is closed, an assignment must be submitted for any name changes.
Please contact the Commissioners of the Land Office or view the website for consent to assignment procedures.
www.clo.ok.gov/services/minerals-leasing
Successful Bidder Notification
After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.
Buyer Premium
A 2% Buyer Premium, calculated as 2% of the total bonus, will be added to the cost of this lease.
Commissioners of the Land Office Point of Contact
Dan Whitmarsh
Director, Minerals Management Division
Office
(405) 521-4098
CLO Website https://CLO.OK.gov
EnergyNet Point of Contact