$335.00/month Oil & Gas Royalty Income For Sale
Real Estate :: Land
$335.00/month Oil & Gas Royalty Income For SaleMeaux Well #1 Lafayette Parish, Louisiana
Oil is $137.00 a barrel. This royalty interest will earn you approx. $4,000.00 a year at that rate, which is a 20% annual return. LAFAYETTE PARISH MONTHLY ROYALTY INCOME Meaux Oil Well #1 Lafayette Parish, Louisiana For Sale By Owner! Sale price is firm and non-negotiable. This auction listing is for an undivided interest in a producing oil and gas well. Well No. LA4838001 API# 1705520526 LA Well Serial No. 232872 Here’s an overriding royalty interest in an Oil Well that is less than two-years old. This well is generating approximately $335.00 each month in net royalty income! Plus, you’ll have 640+/- acres to be pooled into all future drilling activity, hence, increasing your monthly income. Conveyance includes an overriding royalty interest on the entire leasehold, not just this well. Deeded Royalties for Oil and Gas on 640 +/- acres in Louisiana. This royalty is part of an oil unit currently generating over $2,000,000.00 in monthly revenue in oil and gas. You are bidding on a divided deeded ownership for the mineral rights on 640 +/- acres in Lafayette Parish, Louisiana, a part of a “pooled unit” which is located in central Louisiana. All right, title and interest to a divided interest of the royalty are covered in this Royalty Deed. Your decimal interest is 0.0005786 being paid by Royal Production, Inc., the operator of this well. You are bidding on a deeded royalty interest in a producing oil and gas field generating a monthly income. This is also referred to as a “overriding royalty interest”. This is not an interest where you are to ever pay any fees, well maintenance, well up-keep or any other operating expenses. This property is strictly a net income producing property. The bottom line: You only receive monthly income checks, not invoices or bills to operate the wells. Royalty income is paid directly to you by the well’s operator, Royal Production, Inc.. This royalty ownership is currently paying a net monthly income of approximately $335.00. PROPERTY DESCRIPTION AND LOCATION: The 640 +/- acres are located in one tract in Lafayette Parish. OIL AND GAS LEASE: The above described tract totaling 640 +/- acres is currently leased to Royal Production, Inc., the leaseholder. This Oil and Gas Lease has a status “held-by-production”. When an Oil and Gas Lease is held-by-production it means that oil and gas are being produced on the property. Meaux Oil Unit #1: Meaux Oil Unit #1 is made up of one (1) producing oil well. Your overridding royalty interest earns a monthly royalty income from the oil and gas production generated from all wells currently in this unit as well as all future wells added to this unit. SPECIFIC WELL INFORMATION: Listed below is the well data on the Meaux #1. Additional wells are scheduled to be drilled in 2008. Well Number May 2008 Gas Produced in MCF May 2008 Oil Produced in Barrels 1. Well #1 5116 MCF 6905 barrels There are no “dry-hole” wells or capped wells located in this oil unit. New wells are scheduled to be drilled in 2008. All new well production increases your royalty income above the current +/- $335.00 currently being paid. ROYALTY DEED TRANSER: Once we have processed your order and payment, we will overnight (FedEx) to you a copy of the Royalty Deed which we will sign on our end transferring title from our name to the name you provide us. We will them take the ORIGINAL copy of the Royalty Deed to the Lafayette Parish Clerk’s Office for filing and recording. This process is the conveyance process giving you legal ownership. Once the ORIGINAL copy of the Royalty Deed has been recorded and filed for record with the County Clerk’s Office, we will mail it to you via Certified Mail. We will also forward a copy of the recorded Royalty Deed to Royal Production, Inc. advising them of the new owners so they can begin sending the monthly royalty income checks directly to you. Royal Production, Inc. processes oil and gas royalty checks each month. You will receive your first oil and gas royalty check within 30 days of title transfer. NOTE: The Royalty Deed should be stored in a safe place. This deed is no different that the deed to your home. The Royalty Deed states the ownership you have in these 640 +/- acres. AUCTION PAYMENT: We accept bank wire transfer or cashier’s check. Payment MUST be received 5 days of closing of this auction. Upon receipt of payment, we will convey interest to your name or the name you provide us. TITLE CONVEYANCE: Auction winner should email us with the EXACT name(s) you want this property titled. Married couples should specify “and/or” to simply future estate issues. If you are buying this property for a minor, please indicate as such: “John Smith, minor”. Otherwise, if you are simply buying this property for yourself, we only need the styling of your name: “John Smith”. Also, please include the mailing address for payment of royalties. This must be provided to Royal Production, Inc. so monthly royalties can be disbursed. Do not hesitate to contact us if you have any questions. You may reach our offices by calling (214) 210-2996 or emailing us at atmay@prosperenergy.com to discuss this property further. We will gladly provide you any addition documentions necessary on this property. ROYALTY DEED “NOTICE OF CONFIDENTIALITY RIGHTS”. IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRASFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER. THE STATE OF LOUSIANA § § KNOW ALL MEN BY THESE PRESENTS COUNTY OF LAFAYETTE § That PROSPER ENERGY, INC., 3102 Oak Lawn Ave., Suite 700, Dallas, Texas 75219 has received ($10.00) and other valuable consideration paid by __________________________________, whose address is: __________________________________________________________________________, hereinafter referred to as GRANTEE, the receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT, SELL, and CONVEY unto GRANTEE, his heirs, successors and assigns, forever, subject to the matters stated below, an undivided interest in GRANTOR’s interests in and to all of the oil, gas, and other minerals, including without limitation, leasehold, all of the royalty, gas royalty, overriding royalty, royalty in cashinghead gas in, on and under and that may be produced from, the following lands in Lafayette Parish, State of Louisiana, to wit: PLEASE SEE EXHIBIT “A” ATTACHED HERETO AND MADE PART HEREOF. It is the intention of GRANTOR to convey an undivided interest to his right, title and interest in the above lands, whether properly described or not. It is agreed and understood that this conveyance is effective at the date of last settlement. All accrued funds, if any, are to become the property of GRANTEE. It is further understood that PROSPER ENERGY, INC. is to act as agent for GRANTOR in perfecting title, if needed. By execution of this instrument, GRANTOR also authorizes and directs all persons responsible for paying and/or delivering the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject royalties to GRANTEE in accordance with this instrument. This sale is made subject to any rights now existing to any lessee or assigns under any valid and subsisting oil & gas lease of record heretofore executed; it being understood and agreed that said GRANTEE shall have, receive, and enjoy the herein granted undivided interest in and to all bonuses, rents, royalties and other benefits which may accrue under the terms of said lease insofar as it covers the above described land from and after the date hereof, precisely as if the GRANTEE herein had been at the date of making of said lease or the owner of a similar undivided interest in and to the lands described and GRANTEE one of the lessors therein. GRANTOR agrees to execute such further assurances as may be requisite for the full and complete enjoyment of the rights herein granted and likewise agrees that GRANTEE herein shall have the right at any time to redeem from said GRANTOR by payment, any mortgage, taxes, or other liens on the above described land, upon default in payment by the GRANTOR, and be subrogated to the rights of the holder thereof. GRANTOR warrants the above described lands to be good and merchandisable property. RESERVATIONS FROM CONVEYANCE: None TO HAVE AND TO HOLD. Grantor, for the consideration, receipt of which is acknowledged, and subject to the exceptions to conveyance and warranty, grants, sells and conveys to Grantee the property, together with all and singular the rights and appurtenances thereto in any wise belonging, to have and hold it to Grantee, Grantee’s heirs, executors, administrators and successors or assigns forever. Grantor binds Grantor and Grantor’s heirs, executors, administrators, successors and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof, except as to the exceptions to conveyance and warranty, when the claim is by, through, or under Grantor but not otherwise. WITNESS Grantor, hand this ______ day of _________________, 2008. X______________________________ _________________________ Alan T. May Federal Tax ID Number President Prosper Energy, Inc. STATE OF TEXAS COUNTY OF DALLAS Before me, the undersigned, a Notary Public in and for the said County and State, on this ______ day of ______________________, 2008, personally appeared Alan T. May, to me known to be the identical person who executed the within and foregoing instrument, and acknowledged to me that she executed the within and foregoing instrument, and acknowledged to me that she executed the same as her free and voluntary act and deed, for the uses and purposes therein set forth. IN WITNESS WHEREOF, I have hereunto set my official signature and affixed my official seal the day and year last above written. My commission expires: _________________________ X___________________________________ Notary Public EXHIBIT “A” Attached to and made a part of that certain Mineral and Royalty Deed dated June 25, 2008 by and between PROSPER ENERGY, INC. as Grantor and _____________________________ as Grantee, covering the following tract. A divided interest of _________________ decimal royalty in all of Grantor’s right, title and interest in and to all of the oil, gas and other minerals in, on, and under, and that may be produced from the lands in the tracts described below, whether properly described or not: Tract 1: The lands, containing 640 +/- acres, more or less, where the Billeaud Sugar Factory #1 (API #1705520521) LA Well Serial No. 281834, located in the Broussard, in Section 47, Lafayette Parish, having an Overriding Royalty Interest of _______________ and operated by Royal Production, Inc. Lafayette Parish, Louisiana. SIGNED FOR IDENTIFICATION: ____________________________________ _______________ Alan T. May Date President Prosper Energy, Inc. Prepared By: Prosper Energy, Inc. Title Department 3102 Oak Lawn Ave., Suite 700 Dallas, Texas 75219 (214) 210-2996 | ||||||||||||||
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