Hodges Trust - Tract 3

This live auction will be held at the Hartford Community Building located at 117 Commercial St., Hartford, Kansas on October 1st , 2024 at 6:00 P.M. This will be an absolute auction with the properties selling to the highest bidder without reserve.

Tract 3 totals 80 acres more or less including right-of-way and is located south of Hartford at the intersection of 15th and Blackbird Rd. in western Coffey County.

This is a very unique offering for the farmer, investor or oil producer as it includes all of the mineral interests belonging to the Seller on the subject parcel and multiple adjacent parcels which includes the Working Interest. There is substantial oil production involved here and should greatly increase return on investment versus a pure agricultural tract. In addition to the subject parcel of land and related mineral interests, three additional leases on adjacent tracts are included in this package. Those leases are named the Finnerty Lease, the Wilson Lease and the Paxson Lease. The disposal well is located on the Hodges lease. You will find the rendition sheets regarding mineral ownership within the “Related Documents” section of our website. It shall be up to potential buyers to perform their own due diligence based on public record related to the mineral interests and rights associated with the subject property.

According to FSA records, there is 68 acres of cropland and the soil map shows good upland soil varieties of Woodson silt loam with 0-1% slopes (44.91 acres), Kenoma silt loam with 1-3% slopes (16.55 acres), Summit silty clay loam with 1-3% slopes (12.31 acres), Summit silty clay loam with 3-7% slopes all composing the overwhelming majority. The property sells subject to the tenant's right to harvest the currently growing crop but the cropland portions will available immediately to the Buyer after harvest of said crop.

For those interested in the property as a potential homesite, there are utilities nearby and there are multiple good locations with building appeal that are away from the oil infrastructure. Please contact Coffey County Rural Water District 2 at 620-437-6523 for information on rural water availability and costs.

According to Kansas Geological Survey records, the annual oil production from the Hodges Lease located on the subject parcel of land totaled the following…

2020- 2,477 barrels

2021- 2,579 barrels

2022- 2,240 barrels

2023- 2,569 barrels

2024- 817 barrels through May of 2024

According to Kansas Geological Survey records, the annual oil production from the Finnerty Lease located on the adjacent parcel of land to the south totaled the following…

2020- 492 barrels

2021- 646 barrels

2022- 325 barrels

2023- 651 barrels

2024- 166 barrels through March of 2024

According to Kansas Geological Survey records, the annual oil production from the Wilson Lease located on the adjacent parcel of land to the west totaled the following…

2020- 150 barrels

2021- 166 barrels

2022- 155 barrels

2023- N/A

2024- 165 barrels through February of 2024

According to Kansas Geological Survey records, there has been no recent oil production on the Paxson Lease which is located on the parcel of land adjacent to the north.

DISCLOSURE: Potential buyers shall perform their own due diligence based on public record related to the mineral interests and rights associated with the subject property. Vaughn-Roth Land Brokers nor the Sellers are oil and gas experts and have used the same public information available to potential buyers to represent the subject real estate and all related mineral interests. The Buyer shall be obligated to assume regulatory compliance obligations with respect to the wells and the leases and must be obligated to accept assignment of operatorship of the wells on the KCC KOLAR system. If you are a potential buyer and are not willing to do so, you will not want to bid on the property as the earnest money is non-refundable.

Please read the copies of every oil and gas lease located in the Related Documents section. 

Contact Cameron Roth at 785-917-0867 for more information. 

Auction Details: Live Auction to be held at 6:00 p.m. on October 1st, 2024 at the Hartford Community Building located at 117 Commercial St., Hartford, KS.

Legal Description: The West 1/2 of the NW 1/4 in Section 12, Township 21 South, Range 13 East of the 6th P.M., Coffey County, KS.  80 acres, more or less.

Driving Directions: From Hartford, KS: Take Road Z South for 4.2 miles to 15th Rd. and turn east. Proceed 1 mile and the property begins on the south side at the intersection of 15th & Blackbird Rd.

Taxes: $820.46

Earnest Money: $30,000.00 due on day of sale.

Closing: On or before November 4th, 2024.

Possession: Possession shall be after harvest of 2024 soybean crop. Seller is to retain lease proceeds.

Area Information:  

Coffey County offers a tranquil, rural lifestyle with affordable housing and land opportunities with natural beauty, and a slower-paced way of life. Located in east-central Kansas, Coffey County is positioned along major highways, offering convenient access to larger cities like Topeka, Wichita, and Kansas City, which is about 85 miles northeast.

Coffey County is home to around 8,000 residents, with Burlington serving as the county seat and the largest town. The rest of the county consists of smaller towns and rural areas, each providing a peaceful, country-style living environment. The county is known for its strong sense of community, with residents taking pride in their agricultural roots and outdoor recreational opportunities.

The area’s charm is enhanced by its connection to nature, including access to John Redmond Reservoir and Melvern Lake, which offer excellent fishing, boating, and camping options. Coffey County’s proximity to these natural attractions makes it popular for outdoor enthusiasts while maintaining a welcoming, community-centered atmosphere.

Weather Highlights

• Rainfall: The average annual rainfall for Coffey County, Kansas, is approximately 38 to 40 inches. Like much of eastern Kansas, Coffey County receives most of its rainfall during the spring and summer months, with May and June typically being the wettest. This level of precipitation supports the county's agricultural activities and contributes to its fertile soil and lush landscapes.

Affordable Cost of Living

• Housing: Coffey County offers affordable housing options, with home prices and rental rates generally lower than the national average. This makes it easier to own property or rent without the financial strain often seen in larger cities.
• Overall Expenses: The cost of groceries, taxes, utilities, and other essentials is also lower, making it an attractive option for those looking to stretch their budget further.
• Taxes: Coffey County has some of the lowest real estate taxes in the State.

Small-Town Charm and Community

• Tight-Knit Community: Coffey County's small-town atmosphere fosters a sense of belonging and camaraderie.
• Safe and Peaceful: The area is known for its low crime rates and peaceful environment, making it a great place for families seeking a quiet, safe place to live.

Access to Nature and Outdoor Activities

• Parks and Recreation: John Redmond Reservoir is one of the key attractions in Coffey County, providing excellent opportunities for boating, fishing, and camping. The surrounding wildlife areas are ideal for bird watching, hiking, and nature photography.
• Scenic Beauty: The county's rural landscape provides beautiful, serene views, perfect for those who enjoy being surrounded by nature.

Strong Educational Opportunities

• Quality Schools: The county's public schools are known for their commitment to education, with a focus on student achievement and community involvement.
• Community College Access: Coffey County is within driving distance of several community colleges and universities, providing opportunities for higher education without having to relocate.

Job Opportunities and Economic Stability

• Energy Sector: Coffey County is home to Wolf Creek Generating Station, a major nuclear power plant that provides jobs and economic stability to the region.
• Agriculture: The local economy is also supported by agriculture, offering opportunities for those interested in farming, ranching or related agribusiness.

Healthcare and Services

• Coffey County Hospital: Located in Burlington, the hospital provides essential healthcare services, including emergency care, surgery, and rehabilitation. The county is also home to several clinics and medical professionals, ensuring residents have access to quality healthcare.
• Senior Services: Coffey County offers various services for seniors, including community centers, meals, and transportation, helping to create a supportive environment for older residents.

Convenient Location

• Accessibility: While Coffey County offers a peaceful, rural lifestyle, it’s still within easy driving distance of larger cities like Topeka, Wichita, and Kansas City. This makes it convenient to access urban amenities, such as shopping, dining, and entertainment, while enjoying the benefits of small-town life.

Less Traffic and Lower Stress

• Relaxed Pace of Life: Living in Coffey County means less traffic jams and a slower, more relaxed pace of life. This can be ideal for those looking to escape the hustle and bustle of big cities.

Potential for Growth

• Development Opportunities: The area is growing, and there are opportunities for investment in real estate, business development, and community projects. If you're looking to be part of a growing community, Coffey County has potential.