230.00/month: Minerals and Royalties on 160 acres McCall Oil Unit 1-32, 1-3, and 4-38 Start Price USD 11,500.00 Current Price USD 11,550.00 Time Left - Bid Count 1 Buy It Now Price USD 11,550.00 Reserve Price - Start Time Monday, July 14, 2008 End Time Monday, August 04, 2008 Location DALLAS, TX See more about '230.00/month: Minerals and Royalties on 160 acres' Description THIS ROYALTY INCOME INCREASES AS THE PRICE OF OIL GOES UP! This royalty interest earned $230.00 last month when oil was $125.00 a barrel. As the price of oil increases, so does your monthly royalty checks   McCall Oil Unit Well Numbers 1-32, 1-37, and 4-38 Pontotoc, Oklahoma     OIL IS OVER $130.00 A BARREL!!   For Sale By Owner! Sale price is firm and non-negotiable. This auction listing is for a mineral and royalty interest with THREE producing oil well.     Here’s a mineral and royalty interest in three Oil Wells.  This oil well unit is generating approximately $230.00 each month in net royalty income!  Plus, you’ll have 160+/- acres which is pooled into all future drilling activity, hence, increasing your monthly income.   Deeded Mineral and Royalties for Oil and Gas on 160 +/- acres in Oklahoma.  This mineral and royalty interest is part of an oil unit currently generating over $250,000.00 in monthly revenue in oil.   You are bidding on an undivided deeded ownership for the mineral rights on 160 +/- acres in Pontotoc, Oklahoma, a part of a “pooled unit” which is located in central Oklahoma.  All right, title and interest to a divided interest of the minerals and royalty are covered in this Mineral and Royalty Deed.  Your decimal interest is 0.002441 being paid by Shell Oil Company, the operator of this well. You are bidding on a deeded mineral and royalty interest in a producing oil and gas field generating a monthly income.  This is also referred to as a “ 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, Shell Oil Company. This royalty ownership is currently paying a net monthly income of approximately  $300.00.  OIL AND GAS LEASE: The above described tract totaling 160 +/- acres is currently leased to Shell Oil Company, 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.  McCall Oil Unit:  McCall Oil Unit is made up of three (3) producing oil wells.  Your 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. 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 +/- $230.00 currently being paid.   All new wells added increases your net monthly royalty income. MINERAL AND ROYALTY DEED TRANSER: Once we have processed your order and payment, we will overnight (FedEx) to you a copy of the Mineral and 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 Mineral and Royalty Deed to the Pontotoc County Clerk’s Office for filing and recording.  This process is the conveyance process giving you legal ownership.  Once the ORIGINAL copy of the Mineral and 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 Mineral and Royalty Deed to Shell Oil Company, Inc. advising them of the new owners so they can begin sending the monthly royalty income checks directly to you. Shell Oil Company, 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 Mineral and Royalty Deed should be stored in a safe place.  This deed is no different that the deed to your home.  The Mineral and Royalty Deed states the ownership you have in these 160 +/- acres. AUCTION PAYMENT: We accept bank wire transfer or cashier’s check.  Payment MUST be received 5 days of closing of this auction.  Because this is a simple title conveyance, we can close in one day. 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 email me at atmay@prosperenergy.com to discuss this property further.  We will gladly provide you any addition documentions necessary on this property. Prosper Oil & Gas, Inc. is a Texas Corporation. MINERAL AND 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 OKLAHOMA           §              §          KNOW ALL MEN BY THESE PRESENTS COUNTY OF PONTOTOC                  §         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 Pontotoc County, State of Oklahoma, 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 August 1, 2008 by and between PROSPER ENERGY, INC. as Grantor and _____________________________ as Grantee, covering the following tract.   An  undivided interest of 0.002441 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 160 +/- acres, more or less, where the McCall Oil Unit #1-32, 1-37, and 4-38 are situated and further described as being in Pontotoc County, Oklahoma in the NE/4 NE/4 and lot 4 (NW/4 NE/4) of Section 17, Township 5N, Range 8E and being operated by Shell Oil Company.             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       Place a Bid!