GUARDIAN’S MINERAL AUCTION – ONLINE ONLY
Legal Descriptions: (PROSPECTIVE BIDDERS SHOULD SATISFY THEMSELVES TO THE ACCURACY AND VALIDITY) all right title and interest (if any) to:
LOT 100: A LIFE ESTATE IN ROYALTIES (~$8000 annually; revenue history in Photo Gallery below)
FROM an undivided one‑eighth (1/8th) interest in and to the oil, gas, and other minerals in, on, under, and that may be produced from 6,934.95 acres of land, more or less, in Live Oak County, Texas. This interest is comprised of four (4) tracts described in the Partition Deed dated October 14, 1955, executed by Scott E. McNeill, et al., inter se, and recorded in Volume 170, Pages 486, et seq., Deed Records of Live Oak County, Texas.
‑ Share No. 4: Comprised of 1,469.22 acres set aside to LESLIE COX. 1469.22 acres of land out of the Jane Curry Original Survey, Abstract No. 143, and being the NE part of a 2156.5 acres tract of land conveyed by C.C. McNeill, et al, to P.E. McNeill by deed dated April 27, 1907, recorded in Vol. 0, page 234, of the Deed Records of Live Oak County, Texas. Said Survey of 1469.22 acres of land is situated in Live Oak County, Texas, about 11 miles S. 41E E. from George West, the County Seat, and is more particularly described by the following metes and bounds, to‑wit: Beginning in the W boundary of the old Ramirena and Dinero Road and the NW boundary of said Curry Survey, at the N. Corner of said 2156.5 acres tract for the N. Corner of this survey, thence a Live Oak tree with oldmark bears S. 81E 15′ E. 50 feet; Thence S. 45E 57′ W. Along the W boundary of the Curry Survey 10,315 feet to the W. Corner of this survey and the N. Corner of a tract of 1969.7 acres of land just surveyed for W. D. McNeill; Thence S. 44E 10′ E. along the NE boundary of said 1969.7 acres tract at 6209′ an iron pipe set in fence line on the SE boundary of said 2156.5 acres tract for the S. Corner of this survey and an interior corner of said 1969.7 acres tract; Thence E 45E54′ E. along fence on the SE boundary of said 2156.5 acres tract at 564 feet pass fence corner post, an exterior corner of said 1969.7 acres tract and an exterior corner of the Cartwright land, at 10,315 feet the E. Corner of said 2156.5 acres tract for the E Corner of this survey; Thence W 44E10′ W. along the NE boundary of said 2156.5 acres tract, at 6200 feet to the Place of Beginning. Said undivided one‑eighth (1/8th) interest is subject to and bears its proportional part of the following conveyances to the extent the same are still in force or effect and applicable thereto:
(1) 1/4 of the oil, gas, and other minerals conveyed to Humble Oil & Refining Company by Maggie McNeill, individually and as independent executrix of the estate of P. E. McNeill, deceased, by Deed dated September 18, 1934, recorded in Volume 51, Page 493, et seq., Deed Records, Live Oak County, Texas, covering and affecting the tract of land described therein.
(2) Non‑participating royalty interest described in Royalty Deed dated June 4, 1934, executed by Maggie McNeill, individually and as independent executrix of the estate of P. E. McNeill, deceased, as Granter, to R. E. Meinert, as Grantee, recorded in Volume 50, Page 334, et seq., Deed Records, Live Oak County, Texas, covering and affecting the tract of land described therein.
The undivided one‑eighth (1/8th) interest is further subject to the terms, conditions, and provisions of valid and subsisting oil, gas, and mineral leases of record and affecting part or all of said 6,934.95 acres of land, situated in Live Oak County, Texas.
AND
Lot 200: An undivided one‑half (1/2) of fifteen sixteenths (15/16ths) interest
in and to the oil, gas, and other minerals, in, on, under, and that may be produced from 579.3 acres of land, more or less, in Live Oak County, Texas. This property is part of the Mrs. E. J. Shipp Estate allotted to O. B. Shipp by the said Mrs. E. J. Shipp in her Will and comprised of the following parts of original surveys: 540.3 acres of Survey No. 10 in the name of Pablo Salinas and 39 acres of Survey No. 14 in the name of Pablo Salinas; this 579.3 acres of land is the same tract of land conveyed to C. C. Cox by Alba Lois Sheives, individually and as Independent Executrix of the Estate of J. W. Sheives, Deceased, by Deed dated January 15, 1935, recorded in Book 53, Page 61, et seq., Deed Records, Live Oak County, Texas, to which deed reference is made here for descriptive purposes. Said survey of 579.3 acres of land is situated in Live Oak County, Texas, about 20 miles Southeast of the town of Oakville, and is described by metes and bounds as follows: Beginning at a post for the West Corner of this survey, and the South Corner of 1649.8 acres allotted to Josephine Shipp and Julia Watson in the Northeast line of the land allotted to J. A. Shipp, whence a live oak tree 21 inches in diameter marked a bears N. 47 40 A. 6 varas, and another live oak tree 4″ in diameter marked X bears S. 23 35 W. 9.10 of a vara, and from said post a point in the NW line of said Pablo Salinas No. 11 bears N. 45 W. 1866‑ 2/3 varas; Thence South 45 East with the NE line of said J. H. Shipp tract 1262.2 varas to a post for the South Corner of this and the East Corner of the J.H. Shipp 355.4 acres in the NW line of 775.6 acres allotted to D. L. Shipp; Thence N. 45 E. with the NW line of same a distance of 1936 varas to a post for the North Corner of same and a Corner of this survey; Thence S. 45 E. 24 varas to a post for the West Corner of a tract allotted to Josephine Shipp in the division of her father’s estate and a corner of this survey, whence a mesquite marked X bears S. 54 W. 10.3/5 varas and another mesquite bears S. 43 45 E. 20 varas; Thence N. 45 E. with the NW line of said Josephine Shipp tract 643 varas to a post for the South Corner of a tract of land allotted to O. B. Shipp in a division of his father=s estate, whence mes. Marked N. bears N. 13 W 22‑8/10 varas and another mesquite marked K bears N. 66 E. 31 varas; Thence N. 45 W. with the Southwest boundary line of said O. B. Shipp at 889‑6/10 varas past a post for its West Corner at 1286‑2/10 varas; a post for the North Corner of this survey, and a corner of 1649‑8/100 acres, whence a live oak tree 6″ in diameter marked X bears S. 40 30 W. 8‑6/10 varas; Thence N 45 W. with SE line of the Josephine Shipp and Julia Watson tract 2579 varas to the Place of Beginning.
The undivided 15/16ths interest is subject to the terms, conditions, and provisions of valid and subsisting oil, gas, and mineral leases of record and affecting parts or all of said 579.3 acres of land situated in Live Oak County, Texas.
TERMS: CASH. 1/2 of purchase price down at close of auction as Escrow Deposit. Balance due within 5 days following confirmation by District Court, Cherokee County, Oklahoma. Conveyance by Guardian’s Mineral Deed. Taxes to be paid at closing.
Auction Date
Starts: December 4, 2023 8:00 amAuction Type
Online AuctionAuction Description
LIFE ESTATE IN ROYALTY PAYMENTS & MINERAL INTERESTS IN LIVE OAK COUNTY TEXAS
Click here for details
Contact Information
Auction Location
mredsauction.hibid.com