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GAS /ENERGY / OIL RIGHTS

Currency:USD Category:Specialty Services / Advice & Instruction Start Price:0.00 USD Estimated At:NA
GAS /ENERGY / OIL RIGHTS

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Auction Date:2024 Nov 23 @ 13:00 (UTC-5 : EST/CDT)
Location:VARIOUS, WEST MIDDLESEX, Pennsylvania, 16159, United States
PALLACK FARM/ HARMONY PA
EXTENDED BIDDING IN PROGRESS.
ENDS SATURDAY NOVEMBER 23 , 1:00 PM
MAIN OFFICE NUMBER :
OFFICE 724-528-2550 X 206 (AUCTION DAY/AUCTION CONF. ROOM)
LOOMISGROUPCO@GMAIL.COM







PER THE SELLER/ PROVIDED FROM THE SELLER :
UPDATE OCT 24, 2024
THE SELLER WILL SELL 70% OF THE GAS & OIL EXTRACTION RIGHTS IN LOT #5E. THE GAS & OIL ROYALTIES ARE OWNED BY JOHN PALLACK. THE NEW BUYER(S)OF THE FARM REAL ESTATE WILL RECEIVE 30 % OF GAS AND OIL ROYALTIES INCLUDED IN THE PRICE IN LOTS 1H,2H,2HA & LOT #3, DOUG PALLACK OWNER OF THE FARM, LOT 1H,2H,2HA,& LOT 3H
ROYALTIES REVENUE HISTORY:
PREVIOUS YEARS UP TO $200,000 ANNUAL.
2023: APPROX $119,000
LOT 4H : HOME & 4+ACRES OWNED BY JOHN PALLACK WILL RECEIVE 100% ROYALTIES.

***BIDDERS MAY REQUEST TO SEE THE GAS & OIL LEASE AGREEMENT TO PERFORM THEIR OWN DUE DILIGENCE, VIA EMAIL . ****