(580) 327-4440

1176+/- Contiguous Net Mineral Acres * Clarion County, PA

Legal Description

DOWNLOAD THE "OFFERING PACKAGE" AT THE VERY BOTTOM OF THIS PAGE. 

 

Auction Description

1,176+/-  CONTIGUOUS NET MINERAL ACRES 

RICHLAND TWP., CLARION COUNTY, PA 


 

OFFER SUBMITTAL AGREEMENT

Offers may be resubmitted until the close of the solicitation period. Companies may ask if they are the high offer after submitting an offer. Offers & Re-offers must be submitted electronically using this form.

Open offer solicitation is between 9:00 am EST April 24, 2019 & 5:00 pm EST June 19, 2019

  • During this open offer solicitation time, the first offer to reach $5,000/AC will be considered the “Buy Now” offer and the sale will end if that company demonstrated sufficiently the ability to close on the acquisition. If they are unable to close, then the process will continue to the close of solicitation and the highest offer will be awarded the rights to close on the mineral rights.

  • High offer agrees to enter into Mineral Purchase Agreement with the Seller at stated offer amount within 5 (five) business days of being notified.

  • High offer company agrees to limit due diligence period to 60 calendar days from signing of Mineral Purchase Agreement.

  • High offer or Buy Now offer agrees to pay United Country – Jelliff Auction & Realty a Buyer’s Premium of 10% of the sales price (Offer x Net Mineral Acreage x 10%) at closing.


 

1,176+/-  CONTIGUOUS NET MINERAL ACRES 

(consisting of numerous tax parcels) OFFERED IN IT’S ENTIRETY IN ONE LOT

RICHLAND TWP., CLARION COUNTY, PA

NO DEDUCTIONS

NET 15% RI 

Seller is 100% Owner of Mineral Rights – NO LIENS! LEASED by LAUREL MOUNTIAN ENERGY, LLC

Paid in Development with multiple laterals under property planned. Mid-stream infrastructure for immediate production.

UC-JAR, HGC, & MMC HOLD EXCLUSIVE RIGHTS TO MARKET THE PROPERTY

OFFER SOLICITATION BEGINS ON 9AM 

EST APRIL 24, 2019 AT & CLOSES AT 

5PM EST JUNE 19. 2019

SELLER AGREES TO ACCEPT HIGHEST OFFER

  • OFFER MINIMUM: $3,000/NMA
  • BUY NOW PRICE: $5,000/NMA


TO MAKE AN OFFER, CONTACT US AT THE FOLLOWING INFORMATION:

RANDY@JELLIFFAUCTIONS.COM   

AND JOSH@HICKMANGEOLOGICAL.COM

QUESTIONS?

Contact: Shawn Terrel, chief operations officer

Direct: 580-747-6068 

Presented by: UNITED COUNTRY – JELLIFF AUCTION & REALTY * HICKMAN GEOLOGICAL CONSULTING, LLC  * MINERAL MARKETING, LLC

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Key Information

  • Auction Date: 06/19/2019
  • Auction Time: 5:00 PM (EST)
  • Address:
  • City: Foxburg
  • State: PA
  • Zip:
  • Online Auction: Not Available
  • Property Type: Auction Services
  • Listing Type: Auction
  • Listing #: M-24415-PA
  • Auction Status: Available
  • Acres: 1176
  • County: Clarion

Geographic Location

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