Auction Terms and Conditions

Updated October 16, 2026

This auction ended on October 20, 2026. See upcoming auctions from Entz Auction and Realty Inc..
Lot number1
AuctionOctober 20, 2026 Mineral Auction
DateOctober 20, 2026 at 10:00 AM CDT
Auction houseEntz Auction and Realty Inc.
LocationHydro, Oklahoma

See Link Below for Terms and Conditions in PDF format. Bidding Notice: Unless otherwise specified, the bid price is multiplied by the purported net acreage depicted for the subject Lot. Inventory and Lot Summaries are updated as additional information becomes available. Please check back for updates. TERMS AND CONDITIONS Entz Auction & Realty, Inc. (Auction Company) Mineral Consignment Auction Online Only Auction Tuesday, October 20, 2026 - 10:00 AM CST 1. Buyer's Premium: 12% added to your final bid price. 2. Sales Tax : N/A. 3. Participation Requirements: Valid Credit Card required for bidding approval. 4. Payment Options: Visa, MasterCard, Discover, American Express, ACH and Wire Transfer. Cash is not accepted. 5. Payment Instructions: For Buyers with invoice totaling less than $1,000.00, the full purchase price shall be charged following the auction to the credit card on file. Escrow payments for all other purchases shall be 10% of the total invoice price and paid within 48 hours following invoicing, to be held in escrow by the Auction Company, and the balance due upon closing. Escrow and final payments are to be paid by ACH (electronic check, free service), wire transfer (banking fees vary) or by credit card (4% fee) unless other arrangements have been made with the Auction Company. If the Auction Company requests a letter of credit/guarantee from your bank, it must be for this auction only, along with proof of identity. Please contact Auction Company for wire transfer information. Buyers give the Auction Company permission to charge the credit card on file if their down payment or balance due are not paid in a timely manner. Any wire transfer fees are to be paid by the Buyer. Every successful participant pays the Buyer's Premium. 6. Down Payment/Escrow: A down payment of 10% is due on successful bids the day of auction with the remaining balance due at closing. Said down payment will be held in escrow. 7. Currency Type: U.S. Dollars (USD). Cash is not an acceptable form of payment. 8. Shipping Instructions: N/A. 9. Announcements: Any announcements made the day of the auction supersede all advertising. 10. Preview: Bidder/Buyer's must conduct their own pre-auction due diligence and research on the properties, at Bidder/Buyer's expense. 11. Special Terms: Bidder/Buyer agrees that the items listed below shall govern this auction and he/she agrees with them. a. TITLE: All Buyers are responsible for performing their own timely, title examination and/or title opinion to satisfy themselves as to clear title. Any and all information provided concerning production revenue, net acres and so forth has been compiled from sources believed to be reliable; however, no guarantee is made by the Auction Company. Title examination shall be completed promptly after the auction to aid in closing on or before the Closing date. b. CLOSING: Closing shall occur on or before December 31, 2026. If an extended closing date become

Auction Terms and Conditions

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