More than 1,300 acres in mineral leases in western Oklahoma and western Kansas will be up for auction on Tuesday, April 19.
Entz Auction will hold the online sale beginning at 10 a.m.
Jared Boehs with Cutter Energy, a firm working with Entz Auction, explained the 1,315 acres will involve 60 different lots.
The Oklahoma leases involve 812 acres in various tracts in Alfalfa, Beaver, Caddo, Comanche, Grady, Kingfisher, Logan, Major, Texas, Washita, and Woodward counties, or 62% of the total.
Some of the leases are in the active SCOOP and STACK plays.
The remaining 496 acres are located in Logan and Scott counties in western Kansas.
Forty-seven of the leases involving producing properties and 24 are non-producing properties. There are no producing leases in the western Kansas portion of the auction.
“It’s a sizeable auction and certainly one of decent size,” said Boehs in an interview with OK Energy Today.
He explained that two areas of the Oklahoma portion of the leases will likely draw the most attention.
“The Kingfisher property—that’s a very hot active area and we anticipate some good bidding for it,” said Boehs.
Kingfisher County is a major location in the STACK and the source of some major producing oil wells.
The Washita County leases could also attract some interest because of the gas-well production in the region.
“The county’s had some decent gas production and with growing commodity prices, there could be some good bidding.”
The list of leases is available at EntzAuction.com.