WASHITA COUNTY

(Anadarko Basin)

The property: It is about two miles south of Corn, Oklahoma. It is the NW ¼ & N ½ SW ¼ of Section 15-T10N-R15W Washita County Oklahoma and is 240 acres more or less. The minerals are intact and sell with the NW ¼. The minerals are leased and production exists. Surface only is available on the N ½ of the SW ¼. About 200 acres are in cultivation and is planted to wheat. The balance is grass and improvements area. The N ½ of the SW ¼ has a stream that crosses the corner of the property for about 1/8th of a mile.

Home and Garage: Improvements include a good frame four bedroom two story one bath home with siding and a one car frame garage with storage, siding and a door opener. Both have composition shingle roofing. Most all appliances sell.

Other Buildings: The grain storage is two bins. One is 4500 bushel with a cement pit and the other is 2500 bushel with a flat steel floor. A 42’ X 84’ all metal machine shed, 30’ of the floor is concrete. The hay barn is a 28’ X 60’ metal clad barn with a manger and a “lean to shed”. Also a serviceable livestock corral is available. The farm has about ¾ mile of six wire fencing.

Revenue: The revenue is as follows: 2010 oil & gas $3890, Scheduled house rent $4200, 200 acres of farm land is cash leased at $8000 annually for 3 years, USDA FSA payment $3032. Total revenue: $19,122.00

The taxes: $587.00