WHITE CO., IL & POSEY CO. IN OIL & GAS PRODUCTION FOR SALE
White County, Illinois & Posey County, Indiana
34 +/- BBL/DAY of Existing Production
480 +/- ACRES HBP
DEEP DEVELOPMENT POTENTIAL
4 LEASES
WHITE COUNTY, IILLINOIS LEASES
9 PRODUCTION WELLS, (2 ACTIVE), 2 INJ. WELLS (1 ACTIVE)
20 +/- BBL/DAY, WORKOVER POTENTIAL/DEEP DRILLING
POSEY COUNTY, INDIANA LEASES
11 PRODUCTION WELLS (3 ACTIVE), 3 INJ WELLS (1 ACTIVE)
AND 1 WS WELL
14 +/- BBL/DAY, WORKOVER POTENTIAL/DEEP DRILLING
$1,750,000.00 FOR ALL LEASES/EQUIPMENT/
OPERATING RIGHTS, WORKING INTEREST, AND ANY
ORRI OWNED BY OPERATOR.
WHITE COUNTY, ILLINOIS LEASES
12117 JOHN J BOND (120 ACRES)
County: WHITE, IL
Operator: (8988) QUANTUM XL LLC
Legal Desc: THE EAST HALF OF THE SOUTHWEST QUARTER AND THE
NORTHWEST QUARTER OF THE SOUTHEAST QUARTER, SECTION 8,
TOWNSHIP 4 SOUTH, RANGE 14 WEST. WHITE COUNTY, ILLINOIS.
POSEY COUNTY, INDIANA LEASES
11726 ALLYN ETAL #1 County: POSEY, IN
Operator: (8988) QUANTUM XL LLC
Legal Desc: THE NE/4 SE/4 SECTION 34, TOWNSHIP 3 SOUTH, RANGE 14
WEST
41831 GLAZE HEIRS #1 County: POSEY, IN
Operator: (8988) QUANTUM XL LLC
Legal Desc: ALL THAT PART OF THE W/2 SE/4, LYING SOUTH OF RR SECTION
34, TOWNSHIP 3 SOUTH, RANGE 14 W AND NW/4 NE/4; N/2 SW/4 NE/4
SECTION 3, TOWNSHIP 4 SOUTH, RANGE 14 WEST AND PART OF SW/4 SE/4,
NORTH OF SOUTH LINE OF RR ROW, SECTION 34, TOWNSHIP 3 SOUTH
RANGE 14 WEST, POSEY COUNTY, INDIANA.
11875 KECK HEIRS County: POSEY, IN
Operator: (8988) QUANTUM XL LLC
Legal Desc: THE SW/4 OF SEC. 34, TNP. 3 S, RG. 14 W, CONTAINING 160 A#,
POSEY COUNTY, INDIANA.
LIMITED TO PRODUCTION OBTAINED FROM THE SURFACE TO THE BASE OF
THE WARSAW FORMATION. SUBJECT TO THE GRIFFIN WEST WATERFLOOD
UNIT (#9659) UNDER THE TERMS OF A UNITIZATION AGREEMENT DATED
DECEMBER 17, 2003 AND RECORDED AS DOCUMENT 200501303.
TYPE OF INTEREST CONVEYED: LEASEHOLD INTEREST/WORKING INTEREST. NO
LAND/SURFACE/MINERAL INTEREST IS BEING OFFERED FOR SALE.
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 OR GAS, UNLESS SPECIFICALLY RESERVED. SELLER SHALL
CONVEY ALL PERSONAL PROPERTY THROUGH A BILL OF SALE.
POSSESSION: POSSESSION ON DATE OF CLOSING
TERMS: 10% (OR OTHER ACCEPTED AMOUNT) ESCROW DEPOSIT DUE ON THE DATE OF
CONTRACT ACCEPTANCE, 6% BUYER’S 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 SEARCHS, DUE DILIGENCE CHECKS, AND OTHER RESEARCH PERTAINING TO THE
PROPERTY, AS PERMITEED BY THE SALES CONTRACT, PRIOR TO CLOSING, SELLER
AGREES TO PROVIDE TO BUYER ALL INFORMATION CONTAINING IN THE SELLER’S
FILES (SUBJECT TO AN 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. AGENCY: SELLAFARM, YOUR TEAM ON THE
GROUND AND ITS REPRESENTATIVES ARE ACTING AS AGENTS, WITH EXCLUSIVE RIGHT
TO SELL.
AND BASE THEIR DECISIONS UPON THAT INFORMATION.
OTHER ANNOUNCEMENTS: ALL INFORMATION PROVIDED IS FROM SOURCES DEEMED
RELIABLE,HOWEVER, NOT GUARANTEED. PARTIES RELYING ON SUCH ARE URGED TO
PERFORM DUE DILLIGENCE
RESERVATIONS BY SELLER (IF ANY) LISTED BELOW
NONE
Log onto www.sellafarm.com for downloadable multi-page brochure, Individual Lease
Prices, plats & More!
For more information, please contact Land Specialists and Listing Brokers
April Wilcox at 618 - 843 - 3721 -or- Zane Parrott at 812 - 890 - 5452.