AUCTION of 2000 Acres Gas/Oil Rights - November 4th, 2013

PARCEL #1: 168.9 acres. Goshen Township in Belmont County. 59681 Pleasant Ridge Rd., Bethdesda, Ohio.
                      Parcel #09-00456.000

PARCEL #2: 260 acres. Mead Township in Belmont County. 58490 Mt. Victory Rd., Jacobsburg, Ohio 43933.
                      Parcel #15-00726.000
                      Parcel #15-00724.000
                      Parcel #15-00725.000

PARCEL #3: 449 acres. Salem Township in Monroe County. 50205 and 50350 Sykes Ridge Rd., Clarington, Ohio 43915.
                      Parcel #18-021005.0000
                      Parcel #18-021012.0000
                      Parcel #18-022015.0000
                      Parcel #18-029011.0000

PARCEL #4: 130 acres. Perry and Rush Township in Tuscarawas. 2479 Hines Ridge Rd. SW, Port Washington, Ohio 43837.
                      Parcel #48-00940.000
                      Parcel #48-00051.000
                      Parcel #48-00053.000
                      Parcel #48-00052.000

PARCEL #5: 164 acres. Perry and Rush Township in Tuscarawas. 3086 Hines Ridge Rd. SE, Port Washingtion, Ohio 43837.
                      Parcel #48-00952.000
                      Parcel #48-00215.000
                      Parcel #78-00134.000
                      Parcel #78-00135.000

PARCEL #6: 210.5 acres. Jackson Township in Knox County. 27257 McKee Rd., Frazeysburg, Ohio 43822.

                      Parcel #36-00275.000

PARCEL #7: 157 acres. Jackson Township in Knox County. 0 Jug Run Rd., Frazeysburg, Ohio 43822.
                      Parcel #36-00272.000

PARCEL #8: 40 acres. Tuscarawas Township in Stark County. 2428 Pigeon Run Rd., Massillon, Ohio 44647.
                      Parcel #72-03983
                      Parcel #75-00132

PARCEL #9: 87.7 acres. Tuscarawas Township in Stark County. 2696 Deerford Ave. SW, Massillon, Ohio 44647.
                      Parcel #72-06628

PARCEL #10: 147.8 acres. Tuscarawas Township in Stark County. 11331 Barrs St. SW, Massillon, Ohio 44647.
                      Parcel #72-06268

PARCEL #11: 143.8 acres. Tuscarawas Township in Stark County. 3395 Indorf Ave. SW, Massillon, Ohio 44647.
                      Parcel #72-03952

PARCEL #12: 117 acres. Sugarcreek Township in Stark County. 14264 Mount Eaton St. SW, Navarre, Ohio 44662.
                      Parcel #67-03521
                      Parcel #67-00863
                      Parcel #67-03355
                      Parcel #67-00862

PARCEL #13: 184 acres. Paint Township in Holmes County. 1489 Twp. Rd. 416, Dundee, Ohio 44624.
                      Parcel #15-00601.000
                      Parcel #15-00603.000
                      Parcel #15-00602.000
                      Parcel #15-06000.000

PARCEL #14: 160 acres. Franklin Township in Morrow County. 6870 County Rd. 14, Mt. Gilead, Ohio 43338.
                      Parcel #F14-001-00-116-00
                      Parcel #F14-001-00-112-00

Bidding will be per net mineral acre. Mineral title search reports available on request.

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Replies to This Discussion

Permalink Reply by Booger on October 26, 2013 at 5:11pm

so they sold the land and kept rights............only to sell the rights a year later......interesting.

the owner sounds like my father-in-law..........smart investor, worth a bunch, but lives on the cheap.

Permalink Reply by searcherone on October 26, 2013 at 9:22am

Anyone know if this is one of those sales where they bid the individual parcels and then combine them all to see if it is a better price or one could combine the parcels in a county in this one or is it just 2000 acres all together one time?

Permalink Reply by Booger on October 26, 2013 at 5:05pm

knowing kiko, i would say they will go seperate first..........then maybe lump some, or all.

015334grltd9mPermalink Reply by 015334grltd9m on November 4, 2013 at 3:58pm

Word up!

Sources tell me that the Belmont mineral auction brought in over $8K an acre, Monroe, $5K an acre all the other counties brought an average of $750 per acre.

Permalink Reply by searcherone on November 4, 2013 at 4:14pm

Ron, any word on the buyers for Belmont and Monroe parcels?    Several weeks ago an analyst stated that Belmont and Monroe had the most valuable acreage in the country.

015334grltd9mPermalink Reply by 015334grltd9m on November 5, 2013 at 12:55am

All I know is that Kiko advertised this auction in the WallStreet journal and some Texans showed up.  I did ask who bid and legal counsel stated they did not know yet.

As with any auction of property, tremendouse homework is required before bidding.  Most of the acreage auctioned for $750/ac.  this tells me that the homework proved very speculative for now.

Permalink Reply by Fred Flintlock on November 5, 2013 at 1:37am

Why wouldn't the gas companies around there that pay 5k+ an acre to lease be there?  Especially at that price.  

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