fbpx

Joe R. Pyle Auctions

Back to Upcoming Auctions List
,

SOLD $86,250 – Oil, Gas, Coal and minor Surface Interests in Kanawha County

Thursday, March 26th at Noon

  • Print Image
  • Print Image
Property Description

Online Only Mineral Rights

Auction

 

Thursday, March 26, 2020

At 12:00 Noon (eastern)

 

Oil, Gas, Coal and minor Surface Interests in Kanawha County, West Virginia belonging to the Elsie Q. Giltinan Trust all sold in one bid to the highest bidder

 

Over 500 aggregate acres! All tracts sold in one combination!

 

CLICK HERE TO BID

 

Tract #1

375 acres of Mineral Interests – Map 9999, Parcel 0627-4033-0000 (Elk District) **

194 acres of Mineral Interests – Map 9999, Parcel 0627-4024-0000 (Elk District) **

49 acres of Surface and Mineral Interests – Map NOMP, Parcel 0693-8692-0000 (Malden District)  **

25 acres of Mineral Interests – Map 999, Parcel 0693-8683-0000 (Malden District) **

  • Presently with 3 operational and producing oil wells, with appraised estimated expansion to 4 additional wells.
  • Estimate coal reserves within this tract: 950,000 tons of thermal grade recoverable surface mineable coal in three seams (No. 5 Block, Stockton, Coalburg), 2,000,000 tons of metallurgical grade recoverable deep mine in two seams ( No. 2 Gas and Powellton). Information derived from appraisal relying on WVGES assessments, available upon request.

** This information is derived from public sources and some discrepancy in apparent. Portions of the parcels overlap. The lowest estimate of total acres of interest is believed to be 500 acres, the highest aggregate estimate 643 acres.

 

Tract #2

45 acres of Coal Interest (no O/G) – Map 9999, Parcel 0735-9075-0000 (Porters Hollow, Charleston South Annex District)

 

Tract #3

.14 acre of Surface Interest – Map 36, Parcel 0002-0000-0000 (Part of Lot in Keely Estate, Lick Branch, Charleston South Annex District)

 

Mineral Appraisal:

mineral appraisal

 

Surface Appraisal:

surface appraisal

 

Tax Tickets:

tax tickets

 

Terms: 15% Buyer’s Premium. 10% down payment due within 48 hours of the conclusion of the auction. Cash, check and certified fund accepted. Balance due at closing within 60 days.

Announcements sale day take precedence over all advertisements published. 10% Buyers Premium will be added to determine final contract price.  Name of purchaser on contract must be the name of the winning bidder or an entity which the winning bidder legally represents.  No exceptions.  Real estate sold subject to owner confirmation.

AGENCY DISCLOSURE: Joe R. Pyle Auction and Realty Service is acting as Auctioneer/Agent and is an agent for the seller only.

DISCLAIMER: All information regarding the description of this property is derived from sources deemed reliable but not warranted. Information is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.

Any references to acreage, unless otherwise noted, are derived from public record and are not warranted.  Buyers are responsible for conducting their own research prior to bidding.

BUYER/BROKER INFORMATION: Commission will be paid to any properly licensed buyer’s broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available on our website or from the company office. Broker must be registered 24 hours prior to Auction.  Brokers/Agents are not entitled to a commission if they are the purchaser.

 

We don’t just list your property – WE SELL IT!

JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE

Joe R. Pyle, Broker

(888) 875-1599

5546 Benedum Drive Shinnston West Virginia 26431

www.joerpyleauctions.com

 

Joe R Pyle WV212

Charlotte Pyle WV2174

Alan Heldreth WV2224

Jordan Kiger WV2246

Bob Stewart, Jr WV825

Bob Stewart, III WV1292

Tia Wolski WV 2351A

Joe Panico WV 2353A

 

 

 

Property Information

Get Directions

Scroll to top