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63+/- Acres Land & Oil & Gas Rights

Wolf Hollow House Road : Millville, PA 17846

Columbia County, Pennsylvania

63 Acres
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Farm Description

63+/- Acres Land & Oil & Gas Rights Auction

Saturday, October 5 at 2 p.m.

Pine Township • Columbia County

Wolf House Hollow Road, Millville PA 17846

• Streams

• Wooded

• Timber

• Excellent Hunting

• Oil & Gas Rights (Offered Separately & Combined)

• Leased (15% Royalty)

• Adjoins XTO Energy Inc. Proposed Well

Property and Oil & Gas Rights Offered:

Option 1. 63+/- Acres of Surface Only

Option 2. 63+/- Acres of Oil & Gas Rights

Option 3. 63+/- Acres of Surface and Subsurface

Please call with any questions.

Property Details:

Address: Wolf House Hollow Road, Millville PA 17846

County: Columbia

Township: Pine

School District: Millville

Deed Book/Page:Parcel #:Taxes: $650

Topography: Sloping

Wooded: All aspects of the property are wooded.

Types of Woodland: A mix of hardwood such as a variety of Oak, soft woods such as Hemlock and Pine.

Timber: Property has not been timbered in numerous years, a timber cruise has not been conducted, but property appears to contain some marketable timber.

Building/Cabin Site: An area would be great for a future cabin or home, with some minor clearing a phenomenal view could be established.

Streams: Natural springs on the property support a stream running through the north end of the property, seeing deer along the stream has been a common site.

Hunting/Recreational: Property boasts a wonderful recreational opportunity, containing signs of deer, turkey and small game. Landowners have been very successful in harvesting deer and other species on the property.

Game Cam: A game cam has been installed on property to monitor wildlife, please check website for updated pictures of wildlife.

Clean and Green: Yes

Right of Way: Property is subject to a ROW, for the right of ingress and egress to a land locked tract.

(At Gate's Location)

Oil and Gas Rights:

Currently Leased to XTO Energy Inc. (Signed April 23, 2010)

Royalty: 15%

Lease Terms: 5 Years

Extension Term: 3 Years

Some Positive Addendums to Lease:

• Proportionate Reduction

• Water protection

• Free use of Oil, Gas, and Water

• Royalty Payment Deferral

• Manner Of Payment

• Surface Notice

• Surface Damage

• Gas Storage

• Marketable Timber Clause

Proposed Unit: The adjoining property was going to contain a well, at the current time it’s on hold, the name of the proposed well was Litwhiler, Unit A I H, (Depper Marcellus Shale (marcellusgas.org)

Please see Internet for Copy of Lease

Registration: Any time or day prior to start of Auction on Saturday, October 5, 2013 at 2pm.

Terms and Conditions: To be sold under owner’s immediate confirmation. Transfer tax split by buyer and seller $10,000 down in purchasing land, $10,000 down in purchasing only Oil & Gas Rights, and $20,000 down if purchasing property in it’s entirety.with payment in the form of cashier or certified check, written to Dustin C -. Snyder Escrow Account.

Contract: The successful high bidder will be required to sign a contract of sale immediately upon the conclusion of the auction with the deposit acting as a down payment.

Closing: Closing on or before 60 days..

Disclaimer: All information regarding the property for sale is deemed from reliable sources, but no warranty is made by the Seller or Auctioneer. Sold with clean clear title. All information conveyed at auction takes precedence over written and verbal previous information. Sold as is.

For more information contact: Dustin C. Snyder, License #AY-2123, www.dustinsnyderauctioneer.com

Farm features, descriptions, details, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by FARMFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Contact the advertiser directly regarding this listing.