206.5 Acres Doddridge County O&G Rights
Location: RT 62 and 19/10 Auburn, WV 26325
GPS Coordinates
Subject #1 and #2 39.132929, -80.782275
Subject #3 and #4 39.123544, -80.796905
Subject #5 and #6 39.108892, -80.777875
Directions: From West Union take 18 S. 20.5 Miles, turn right onto Horn Creek Rd for 1.3 miles, take a right onto Bear Run Rd for 1.1 mile. Watch for signs.
Date: Bidding is open & starts closing Wednesday, February 16th @ 7:00 P.M.
Selling in Parcels or as a Whole
OVERVIEW: 206.53+/- net acres of oil and gas rights underlying 6 separate tracts totaling 746.74 acres gross. These oil and gas rights are located in Doddridge County, WV offset to prolific oil and gas production from the Marcellus Shale. Approximately 90 Marcellus wells in a 5-mile radius of subject properties. Buyer will receive title to all formations with no depth restrictions. The Utica Shale is present in this part of Doddridge County.
NEARBY ACTIVITY HIGHLIGHTS: EQT drilled six Marcellus wells from the OXF 43 pad in Q2 2021 encompassing 4.5 gross acres of the 746.74ac. HG Energy has permitted 2 Marcellus wells in Doddridge County from the Schmidt 1222 pad in Q4 2021. The subject oil and gas rights are approximately 4mi from Schmidt pad. Antero Resources has a rig on location drilling 5 Marcellus wells from the Weekley West pad in Ritchie Co approximately 5 miles from subject properties.
Subject #1
District 2 Map 8 Parcel 1
- An undivided 30% interest in the Oil & Gas Rights underlying 118.1875ac being 35.45 net oil and gas acres
- Leased at 15% royalty to EQT
- 4.5ac gross (2.289NMA) out of 118.1875ac unitized in OXF 43 South 2 Unit operated by EQT
- This unit has been drilled and is producing.
- Significant offset production with future upside from acreage outside the OXF 43 South 2 Unit
Subject #2
District 2 Map 4 Parcel 43
- An undivided 60% interest in the oil & gas rights underlying 85.1325ac being 51.1875 net oil and gas acres.
- Leased at a 12.5% royalty. Held by production from following shallow wells:
Spurgeon 1: API # 4701701546
Spurgeon 2: API# 4701704985
Spurgeon 2A: API# 4701704641
Spurgeon 3: API# 4701704986
Subject #3
District 7 Map 18 Parcel 7
- An undivided 26.66% interest in the oil & gas rights underlying 62ac being 16.533 net oil and gas acres.
- Acreage is not leased. Opportunity to earn future revenue by signing an Oil & Gas lease and collecting lease bonus.
- Previously leased to Antero Resources in 2015
- Land on this parcel sells February 15th
Subject #4
District 7 Map 18 Parcel 13
- An undivided 26.66% interest in the oil & gas rights underlying 96.11ac being 25.629 net oil and gas acres.
- Acreage is not leased. Opportunity to earn future revenue by signing an Oil & Gas lease and collecting lease bonus.
- Previously leased to Antero Resources in 2014
Subject #5
District 2 Map 12 Parcel 2
- An undivided 80% interest in the oil & gas rights underlying 60ac being 48 net oil and gas acres
- Acreage is not leased. Opportunity to earn future revenue by signing an Oil & Gas lease and collecting lease bonus.
- Previously leased to Antero Resources in 2015
- Land on this parcel sells February 15th
Subject #6
District 2 Map 12 Parcel 1
- An undivided 50% interest in the oil & gas rights underlying 59.45ac being 29.725 net oil and gas acres.
- Acreage is not leased. Opportunity to earn future revenue by signing an Oil & Gas lease and collecting lease bonus.
- Previously leased to Antero Resources in 2013.
Attention: During the first round of bidding buyers will not be able to bid on combinations. We will turn on a combination bidding feature during the last week of bidding.
Kaufman Realty & Auctions of WV
www.kaufmanauctionswv.com
399 W. Main St.
Bridgeport, WV 26330
David Anthony Kaufman, Broker
License #WV0030037
Alden Butcher- Auctioneer/Realtor
[email protected]
Cell# 304-695-1621
License#WV0030182
Auc. Lic. #1918
James Yoder – Auctioneer/Realtor
Cell # (304)844-3139
License #WVS200300965
Auc. Lic. #2375