Sumpter East Unit/Non-Unit Acreage, White County, Illinois

25 +/- bbl/day of existing production, 25 total leases in unit.1100 +/- acres HBP; Deep Development Potential with proven reserves8 Production wells, 1 injection well, 2 wells not equipped. Sales Price for All Leases $1,900,000.00 … Sumpter East Unit/Non-Unit Acreage, White County, Illinois Read More ยป

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25 +/- bbl/day of existing production, 25 total leases in unit.
1100 +/- acres HBP; Deep Development Potential with proven reserves
8 Production wells, 1 injection well, 2 wells not equipped.

Sales Price for All Leases $1,900,000.00

Subject to a Unitization Agreement, known as the Sumpter East Unit under the terms of a Unitization Agreement recorded in Book 32 at Page 51 of the records of White County, Illinois.

Type of Interest conveyed: Leasehold Interest/Working Interest/Operating Interest. No land/surface/mineral ownership.

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 and/or gas, unless specifically reserved. Seller shall convey all personal property through a bill of sale.

Possession: Possession on the date of closing
Terms: 10% (or other accepted amount) escrow deposit due on the date of contract acceptance, 6% buyers 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.

oaldahari@yemenosco.com