Highly Sought After Utica Shale Area
Location: TR 127/Iowa Rd. Cumberland, OH 43732. GPS Coordinates: 39.857705,-81.623311. From I-77 & I-70 at Cambridge take I-77 south 8 miles to Exit 37/Buffalo and SR 313/Clay Pike Rd, west 1.25 miles to SR 821/Marietta Rd. south 1.25 miles to SR 146/ Blue Bell Rd continue west 5.6 miles to TR 127/ Iowa Rd. and south .75 mile to location.
Wednesday April 18, 2012
170 Acres * Spencer Twp. * Guernsey Co. * Rolling Hills Schools * Gas & Oil Rights under Current Lease * Wooded & Open Acreage * Tillable * Recreational * Gas & Oil Rights Offered Separate *
Located in the heart of some of the most sought after Utica Shale lease area this property is an excellent offering in Ohio’s Shale Play. The property is located approximately 2 miles from a current Anadarko drilling platform in an area that received some of the highest bonus payments in Eastern Ohio. The acreage is both open and wooded with some tillable ground and excellent recreational potential. It will be offered in 2 parcels, Parcel one containing the surface rights and exempting gas/oil rights. Parcel 2 containing the HBP* gas and oil rights, subject to existing lease and exempting the surface rights. For maps, brochures, 100 yr title search and online bidding terms visit www.kaufmanrealty.com or contact Jason or Anthony. Terms: 10% nonrefundable down payment, balance at closing, no financing contingencies. In bidding buyer is asserting that they will have the funds to close. 10% buyer’s premium will be added to highest bid price to determine final contract price. *Any bid placed in the last 5 minutes will extend auction additional 5 minutes. Any required inspections must be completed prior to bidding. Acreage amounts, frontage markers are approximate and subject to final survey. Property will be offered in parcels and combination. All information gathered from sources deemed accurate but is not guaranteed. Buyer must independently investigate and confirm any information or assumptions on which any bid is based. Complete terms and bidding available online at www.kaufmanrealty.com. *HBP refers to rights that are “held by production”. A portion of the property is subject to a flood easement. Property sells subject to existing deed restrictions. Legal: Parcel 360001300000 & 360000291010 in Spencer Township of Guernsey County and the Rolling Hills Local Schools. Taxes per year: $523.54, taxes to be prorated to time of closing and any recoupment will be the responsibility of the buyer.