Terms: 10% of the purchase price is to be placed in escrow on the day of the auction with the balance due in 30 days. The buyer will have 20 days to do their due diligence and provide a written report to any discrepancy in the title in the 20-day period from auction date.

Title: Will be conveyed by a Quit Claim Mineral Deed at closing.

Closing: Will be at the office of Atlas Title & Closing, LLC on or before March 15, 2024 and the closing fee of $500.00 will be shared equally between buyer and seller.

Buyer's Premium: A 10% buyer's premium will be added to the bid price. The contract price will be equal to the bid price plus the Buyer's Premium.


1. To be approved as an online bidder, a signed copy of these "terms and conditions" along with a signed bidder's certification must be received 48 hours prior to the close the of auction and approved by the auction office. Bidders may be required to provide a photocopy of a valid state-issued identification at the auction company's sole discretion. Bidders may be subject to a deposit in order to participate. The deposit is fully refundable to non-winning bidders.
2. Auctioneer reserves the right to waive any and all requirement and/or require additional documentation prior to allowing a bidder to participate in the auction.
3. The bidder is exclusively and solely responsible for any and all bids placed through their registered bidder ID. Bidders must not share or disclose their passwords to anyone.
4. Bidding increments shall be determined at the sole discretion of the auctioneer and will be posted on the bidding website. This auction utilizes a soft close option, which means if a bid is placed within the last few moments prior to the auction item ending, the time is automatically extended for an additional 2 minutes. This process continues until all bidding ceases.
5. Tracts 1 & 2 will be sold subject to the trustee's confirmation.
6. All information contained in the website and all promotional materials, including but not limited to, photographs, directions, acreage, square footage, dimensions, zoning, maps used for promotion, environmental conditions, taxes, etc., was provided by or on behalf of the Seller and is believed to be correct; however, neither the Seller nor the Auctioneer makes any promise, representation, guarantee, or warranty as to the accuracy or completeness of such information.
7. Buyer's Premium: A ten percent (10%) buyer's premium will be added to the final accepted bid and charged to the buyer to determine the final sales price. For example, a top bid of $100,000, plus a 10% buyer's premium will result in a sales price of $110,00.00.
8. The down payment will be payable to Atlas Title & Closing.
Closing:
a) Closing shall take place at the office of Atlas Title & Closing, LLC, 125 E Mian St, Cordell, OK 73632
b) Closing fees will be split between the buyer and the seller.
c) Closing will be held on or before 3:00 PM, March 15, 2024.
9. The Successful Bidder shall sign a mineral purchase contract for the minerals immediately after being declared the Successful Bidder by the Auctioneer.
10. United Country Heard Auction & Real Estate, and their representatives are exclusive agents of the Seller. There is no buyer's agency. There is no duty from the Auctioneer to the buyer.
11. All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material.
12. All marketing information and PIP materials were gathered from reliable sources and are believed to be correct as of the date they were published; however, the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the Seller or Auctioneer to update this information.
13. Online Auction Technology (Disclaimer): Under no circumstances shall Buyer have any kind of claim against United Country - Heard Auction & Real Estate, LLC, Broker of record, or anyone else, if the Internet service fails to work correctly before or during the auction. Online bidding is subject to technological faults and issues which are outside the control of the auction company. Bidder(s) are encouraged to use the "Maximum Bid" feature on the bidding platform and lock in their maximum bid amount if they are concerned about technology failure during the auction. The SELLER and/or Auction Company reserves the right to (pause) the online auction bidding in the event of any internal or external technology failure, to preserve the integrity of the auction event and maintain a fair and impartial bidding environment.
14. Auctioneer's Agency Disclosure: The Auctioneer is acting as the agent for the Seller and has completed a separate agreement with the Seller.

For questions call Corky Heard, at (580) 323-6120.

220 Net Minerals Acers for Sale in Washita County, OK. The 220 NMA will be sold in an online auction ending on February 13th. The minerals will be sold in two separate tracts. Tract 1 110 Net Mineral Acres for Sale, Washita Co., OK E/2 Section 15, Township 10N, Range 16W Tract 2 110 Net Mineral Acres for Sale, Washita Co., OK E/2 Section 15, Township 10N, Range 16W