Blackbird & 15th Rd, Hartford, KS 66854

Hodges Trust Absolute Auction- Tract 3 - 80 +/- Ac - Coffey Coun

We proudly present these Lyon and Coffey County parcels on behalf of the Dennis D. Hodges and Peggy D. Hodges Revocable Trust. Each tract features a good location with minimal waste and is free from the peripheral distractions often sought by recreational buyers. Instead, the focus is on productive land use, whether for grain production or other forms of agriculture or possibly for a homesite on Tracts 2 and 3. Tract 3 also boasts substantial oil production with all mineral rights and interests possessed by the Seller, including the Operator Interest on both the subject property and adjoining properties, transferring to the Buyer. These parcels are perfect for those looking to expand their farming operations or investors seeking reliable, income-producing land. These properties are all business!----- This live auction will be held at the Hartford Community Building located at 117 Commercial St., Hartford, Kansas on October 1st , 2024 at 6:00 P.M. This will be an absolute auction with the properties selling to the highest bidder without reserve.----- Tract 3 totals 80 acres more or less including right-of-way and is located south of Hartford at the intersection of 15th and Blackbird Rd. in western Coffey County. This is a very unique offering for the farmer, investor or oil producer as it includes all of the mineral interests belonging to the Seller on the subject parcel and multiple adjacent parcels which includes the Working Interest. There is substantial oil production involved here and should greatly increase return on investment versus a pure agricultural tract. In addition to the subject parcel of land and related mineral interests, three additional leases on adjacent tracts are included in this package. Those leases are named the Finnerty Lease, the Wilson Lease and the Paxson Lease. The disposal well is located on the Hodges lease. You will find the rendition sheets regarding mineral ownership within the "Related Documents" section of our website. It shall be up to potential buyers to perform their own due diligence based on public record related to the mineral interests and rights associated with the subject property. According to FSA records, there is 68 acres of cropland and the soil map shows good upland soil varieties of Woodson silt loam with 0-1% slopes (44.91 acres), Kenoma silt loam with 1-3% slopes (16.55 acres), Summit silty clay loam with 1-3% slopes (12.31 acres), Summit silty clay loam with 3-7% slopes all composing the overwhelming majority. The property sells subject to the tenant's right to harvest the currently growing crop but the cropland portions will available immediately to the Buyer after harvest of said crop. For those interested in the property as a potential homesite, there are utilities nearby and there are multiple good locations with building appeal that are away from the oil infrastructure. Please contact Coffey County Rural Water District 2 for information on rural water availability and costs. According to Kansas Geological Survey records, the annual oil production from the Hodges Lease located on the subject parcel of land totaled the following... 2020- 2,477 barrels 2021- 2,579 barrels 2022- 2,240 barrels 2023- 2,569 barrels 2024- 817 barrels through May of 2024 According to Kansas Geological Survey records, the annual oil production from the Finnerty Lease located on the adjacent parcel of land to the south totaled the following... 2020- 492 barrels 2021- 646 barrels 2022- 325 barrels 2023- 651 barrels 2024- 166 barrels through March of 2024 According to Kansas Geological Survey records, the annual oil production from the Wilson Lease located on the adjacent parcel of land to the west totaled the following... 2020- 150 barrels 2021- 166 barrels 2022- 155 barrels 2023- N/A 2024- 165 barrels through February of 2024 According to Kansas Geological Survey records, there has been no recent oil production on the Paxson Lease.