Investment Property With Oil Production In NW Kansas

Description

If you are looking for a diverse income-producing property in a great location this is the property for you. Located only a few short miles south of the Saline River and only 4 miles from Interstate 70, this quarter section has 4 producing oil wells, nearly 100 acres of tillable land, salt water disposal well rental, and good habitat for the upland bird hunting enthusiast. Electricity is available on three sides of the property allowing multiple locations for constructing a country home with a great view. This is a great investment property with a ton of potential! Contact the land specialist today for more info on this incredible opportunity!!

Property Details

  • Located 4 miles straight North of Ogallah at the intersection of F Road & 340 Ave
  • 97.76 acres of tillable land
  • 30.27 acres fenced pasture grass with water well
  • 31.97 acres native grass, cedar trees and brush. Excellent upland bird habitat
  • Located in an excellent area for whitetail and mule deer hunting
  • FSA Base Acres: Wheat 31.47; Grain Sorghum 19.63
  • FSA PLC Yield: Wheat 34; Grain Sorghum 52
  • Owner’s mineral rights and 1/8th share of oil production will transfer to the Buyer
  • Oil Production: 1,436 bbls (2016), 967 bbls (2017), 639 bbls (2018)
  • 2018 Oil Income was $5,677.68
  • $1,000 annual Salt Water Disposal rent
  • 2018 real estate taxes were $663.42
  • Power lines along three sides of the property allow for easy access to electricity for home, buildings, etc
  • Just over 4 miles North of Interstate 70
  • Legal Description: NE/4 of Section 35-11-22 in Trego County, Kansas

F Road & 340 Ave., Lot #WP001
Ogallah, Kansas 67656