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 Renee E. Dorsey on October 25, 2013 at 8:42am

So I guess this is the result of a court case - anyone here know exactly what happened to get to this settlement?  

Permalink Reply by Paul Martinelli on October 25, 2013 at 9:02am

Warren H Wefler  seems to be owner of the Parcels   in TUSC county

015334grltd9mPermalink Reply by 015334grltd9m on October 25, 2013 at 2:07pm

Here is a perfect example of true value.  Location, logistics, geology, infrastructure, sounds to me like a lot of homework before the bid. 

Permalink Reply by ScottM on October 26, 2013 at 1:09am
The picture,of Parcel 1 Goshen township drill pad??
Permalink Reply by KB on October 26, 2013 at 1:19am

Who is conducting the auction? Might be interesting to see...

015334grltd9mPermalink Reply by 015334grltd9m on October 26, 2013 at 1:22am

Kiko

Permalink Reply by David Mohn on October 26, 2013 at 1:54am

I was at an auction last Saturday and they auctioned off 81 acres of mineral rights in southern Stark County.  I believe it sold for around 275.00 per acres. 

 

015334grltd9mPermalink Reply by 015334grltd9m on October 26, 2013 at 1:13pm

One would have to be astute and educated about the minerals of a certain property in an auction.  Randomly bidding on minerals is very risky.

Permalink Reply by Booger on October 26, 2013 at 5:20pm

i would think that many of these acres are currently leased, HBP'd...........i  attended a kiko farm auction last year in the middle of all those stark county acres a hair south west of massillon.....80ish acre farm in parcels....the minerals went with the land 5k to 6k per acre............the lease was posted at the auction.......can't remember who the company was but is was a pretty standard boilerplate old lease....one of the parcels had a shallow well with minimal production.

015334grltd9mPermalink Reply by 015334grltd9m on October 27, 2013 at 12:22am

Booger, as far as the mineral value, I bet the buyers regret what they paid.

Permalink Reply by Booger on October 26, 2013 at 5:13am

are these rights currently owned by kiko?........I know they auction a bunch of land......wondering if they bought a bunch that went low and now are selling off the rights?

 

Permalink Reply by GW3 on October 26, 2013 at 5:35am
No its an estate sale .. The owner is in a nursing home .. Last yr kiko auctioned off alot of the land that he owned .. We timbered alot of his land over the yrs .. He invested in land all his life.. Seeing where and how he lived u wouldnt think he had two nickels to rub together.. Never sold anything

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