El Dorado, KS 67042 - Butler County

Auction Date: TUESDAY APRIL 4, 2023 6:00 PM

Auction Location: EL DORADO CIVIC CENTER, 201 E CENTRAL AVE, EL DORADO KS

TRACT 1 OF 4 PROPERTY DESCRIPTION: 304+- Acres of native Bluestem pasture located 1 mile north of El Dorado in Butler County, Kansas with oil income! There are 2 ponds centrally located on the property, an additional pond in the northwest corner, and a wet weather draw running through the property. Access is excellent, just 1 mile from blacktop HWY 196. Township gravel roads border the property along the south, west, and north boundaries. Rural water runs along NW 10th. All mineral rights and royalty income belonging to the surface Sellers of record will transfer to the Buyer at Closing without warranty of any kind. 1102 total barrels of oil were produced in 2022.

AVAILABLE ON OUR WEBSITE: TRACT 1 REAL ESTATE PURCHASE CONTRACT, TRACT 1 OIL RENDITION SHEETS

LEGAL DESCRIPTION: All of the Northwest Quarter of Section 29, Township 25 South, Range 5 East of the 6th P.M., lying South of the Right-of-Way of the Missouri Pacific Railroad, Butler County, Kansas AND All the Southwest Quarter of Section 29, Township 25 South, Range 5 East of the 6th P.M., Butler County, Kansas AND The Southwest Quarter of Section 20, Township 25 South, Range 5 East of the 6th P.M., Butler County, Kansas, lying South of the Right-of-way of the Missouri Pacific Railroad.

2022 REAL ESTATE TAXES: $921.20

EARNEST MONEY: $65,000

TERMS: There will be a 10% buyers premium added to the high bid to determine the contract price on each tract. Earnest money is specified above and due at the conclusion of the Auction with the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before May 5, 2023. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways and rights of way. This property is not selling subject to financing or inspections. Interested buyers need to view the property prior to the date of the auction and have financing available and any inspections performed prior to bidding. Fence lines, boundaries, and acreages are not guaranteed. All pertinent information is available upon request. All announcements made the day of the auction take precedence over any other announcements or printed material. On ALL TRACTS, Possession shall be given to Buyer at Closing subject to an existing Oil and Gas Lease to which the Buyer takes subject. If the leased premises are now or hereafter owned in severalty or in separate tracts, the premises, nevertheless, will be developed and operated as an entirety and the royalties will be paid to each separate owner in the proportion that the acreage owned by him bears to the entire leased area. This sale is subject to judicial approval.