Details - Information last confirmed on June 14, 2021
Each NMA is $30,750 plus $450.00 for closing costs & fees. Not a penny more!
Estimated NOI $4,250/year* - Cap Rate 12%* Per NMA/Year
Each Net Mineral Acre (NMA) has $79,593 of Proven Reserves at $55 oil
MRG's 40 NMA had a total of $3,183,473 Proven Reserves! at $55 oil
2 Parent wells 1st sales were in 2012 & 2018.
4 new wells began producing in October & November 2020.
6 Sources of Income today with more expected in the near future.
ALL Wells are in Pay Status generating monthly income.
MRG owned 40 NMA of a 1,920 Gross Mineral Acre pool in the heart of the STACK play in the Anadarko Basin of Blaine County, Oklahoma. Section 34-15N-12W
CLR, the Multi-Billion dollar Oil & Gas operating company, has completed 4 new massive wells with a ~3 mile long Horizontal leg.
1031 Exchange Like-Kind Property
With Mineral Properties:
• You own the asset, Deeded at the County Courthouse
• You have Legal Title to the sub-surface land
• You collect Mailbox Money directly from the Oil & Gas Company
• You have ZERO CAPEX after acquisition
• You have ZERO Lease Operating Expenses (LOE)
• You have ZERO Liabilities
• You have ZERO Overhead
The easiest ownership you will ever have.
• No Tenants
• No Repairs
• No Maintenance
• No Hassles
• No Middleman
*Past performance is no guarantee for the future.
Sign up for a free basic membership. You can then contact this seller and and also learn about our services. Details
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.