222.4 Acres Crop Land with Mineral Production SoldCategory: Crop Land, Kansas Land, SOLD
222.4 Acres Crop Land with Mineral Production Sold
Franklin County, Kansas – 222.4 Acres Crop Land with Mineral Production Sold with nearly 140 acres being tilled and the balance in pasture and timber. Crop share for 2016 was ⅓ and ⅔. The previous owner produced 12 barrels of oil per day and sold the property with potential for future drilling.
The seller retained 50% of the minerals and jointly entered into a new oil & gas lease with Buyer where Buyer and Seller both have a 6.25% Royalty interest in the new oil and gas lease. This property is easy to access, just ¼ mile off the hard surfaced 1055/Ohio Road and south out of Baldwin, Kansas.