White County, Illinois, Oil & Gas Production For Sale

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 SEARCHES,DUE DILIGENCE CHECKS, AND OTHER RESEARCH PERTAINING TO THE
PROPERTY, AS PERMITEED BY THESALES CONTRACT, PRIOR TO CLOSING, SELLER AGREES
TO PROVIDE TO BUYER ALL INFORMATION IN THE SELLER’S FILES (SUBJECT
TO AN NON-DISCLOSURE AGREEMENT) THAT PERTAIN TOTHE TITLE, INCLUDING COPIES
OF ASSIGNMENETS, LEASES, ADVALOREM TAX STATEMENTS, OIL RUNSTATEMENTS,
DIVISION ORDERS, MORTGAGES AND OTHER INFORMATION THAT SUPPORTS THE
VALIDITY OF THE LEASE AND SELLER’S OWNERSHIP THEREOF AND SELLER AGREES TO
TRANSFER ALLINTEREST 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.
OTHER ANNOUNCEMENTS: ALL INFORMATION PROVIDED IS FROM SOURCES DEEMED
RELIABLE,
HOWEVER, NOT GUARANTEED. PARTIES RELYING ON SUCH ARE URGED TO PERFORM
DUE DILLIGENCE
AND BASE THEIR DECISIONS UPON THAT INFORMATION.
RESERVATIONS BY SELLER (IF ANY) LISTED BELOW
SELLER IS CONVEYING AN 82% NET REVENUE WORKING INTEREST, EXCEPT ON THOSE
LEASES WHERE THE CURRENT NRI IS BURDENED BELOW 82% BY ORRI AND RI. OPERATOR
AND INVESTORS TO SELL WORKING INTEREST.

Log onto www.sellafarm.com for a 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.