This Online Bidding Only Absolute Auction is for 160 +/- acres in Texas County, Oklahoma east of Hardesty, Oklahoma.
Bidding on this auction will begin at 8:00 am CDT on Friday, August 17, 2018 and soft close at 12:00 noon CDT on Thursday, August 23, 2018. There is a 5% Buyer Premium for this Auction.
This is a 160 + Acre property with 157.7 + acres of mixed grasses enrolled in the Conservation Reserve Program. The CRP contract will expire September 30, 2022, and is enrolled at $35.70 per acre with an annual payment of $5,630.00. The 2018 CRP payment (9-30-2018) is reserved by the Seller. However, all subsequent payments will convey to the Buyer. 100% of the mineral rights owned by the Sellers will convey to the Buyer.
The tract is located seven miles east of Hardesty on country dirt road N1090. There is a gas well located in the southwest corner of the property.
The surrounding livestock and grain market area includes Guymon, Hooker, Beaver, Perryton, TX, and Liberal, KS. Historical Webb Lake is located diagonally to the northeast and is home to area wildlife.
This is a great opportunity to increase your CRP acres and get the minerals too!
Legal Description: NE/4 36-02N-18E West of the Cimarron Meridian Texas County, Oklahoma