Sold
Oil And Ag Investment Farm In Western Kansas
Acreage
236.62 ±
County
Ness
SOLD
Address West 220th Road, Lot#WP001 Ransom, KS 67572
View on Google MapsDescription
This western Kansas farm features over 220 acres of fertile cropland that was formerly in the CRP program, as well as a royalty share in two producing oil wells located on the property. In addition, multiple rows of cedar windbreaks extend over 300 yards into the property, beginning at the NW corner, creating excellent habitat for upland game and big game that thrive in this area. Over 220 acres of the property were removed from the CRP program in recent years, and has very little slope throughout the majority of the acreage. Over 90% of the soils are Class II Harney and Uly silt loams. There is great potential for this land to be highly productive cropland with good terraces already in place. The new owner could also take the steps to reenroll the property in the CRP program. The last CRP contract was paying over $50/acre. The property is selling with all of the current owner’s mineral rights and royalty interests included. There are 2 producing oil wells on the property, making this a great investment opportunity! This farm is situated in an excellent location only 3 ½ miles south of HWY 4, providing easy access to the property. If you’re looking for a great investment opportunity in a terrific location, contact the listing agents today!
Details
- Located 4 miles SW of Ransom, KS. Property sits 3 ½ miles South of HWY 4 on the West side of P Road
- 224 acres was formerly in the CRP program. New owner should have option to reenroll in the CRP program. The last CRP contract on the property was paying over $50 per acre
- Established mature cedar windbreaks in the NW corner of the property
- Excellent soils throughout the property and good terraces in place. 91% of the acreage is Class II soils! This property has ability to produce high yielding crops
- Soil Types: 126.37 acres Harney silt loam, 0-1% slopes; 49.34 acres Harney silt loam, 1-3% slopes; 36.46 acres Uly silt loam, 1-3% slopes; 19.79 acres Penden clay loam, 3-7% slopes; 4.30 acres Harney-Uly silt loams, 0-1% slopes
- All of the Sellers mineral rights and oil royalty interest will transfer to the Buyer. Seller currently has a 1/32nd royalty interest in the producing oil
- Additional 1/32nd royalty interest to return to surface owner at a future date. Contact agents for more details
- OIL PRODUCTION HISTORY (total bbls): 2021, 2,517 bbls; 2020, 1,747 bbls; 2019, 1,900 bbls; 2018, 2,506 bbls; 2017, 2,579 bbls
- $6,629.72 YTD in gross oil income thru 12/20/2022
- Located in a well-known area for top-notch upland bird hunting
- Legal Description: NE/4 & N/2 SE/4 of Section 15-17-24 in Ness County, Kansas
Summary
Land Type
Hunting and Recreational, Ranch and Farm
Property Type
Farms, Recreational Land, Hunting Land
Land and Farm Property Types
Agriculture - Farm, Land - Hunting, Land - Recreational
Road Frontage
County Road
Road Surface
Gravel, Dirt
Land Details
Tillable, Grass, Hay
Improvements/Features
Small Game, Big Game, Upland Game, Seller's Mineral Rights Convey
Other Property Details
Additional Addresses
- West 220th Road, Lot#WP001, Ransom, KS, 67572
- West 220th Road, Lot#WP001, Ransom, KS, 67572
Utilities
- electric: nearby
- internet: nearby
Coordinates
38.5767, -99.9585
Annual Taxes
$0
Sold Property
For more information or to see additional properties currently for sale see Adam Hann's listings.