N 60th St Potwin, KS 67123

Listing details for N 60th St, Potwin, KS 67123 : 138.9 acres near Potwin in Butler County, Kansas. This tract of land has blacktop frontage, 80 acres of tillable, native pasture utilized as hay meadow, and a producing oil well. All of the mineral rights owned by the Seller will transfer to the Buyer, which includes a .05416670 royalty interest. Based on the 2016 production of 1092 barrels, that would be a $2366 income based on an average of $40/barrel. A hedge row forms the border on the south and east sides of the property, and there are a couple of draws with timber through the interior of the property adding character, habitat for wildlife, and great pond sites. Great opportunity to invest in land, agriculture, oil, and a potential building site all at once! The tillable portion of the land is leased for 2017. The new landowner will receive 30% of the 2017 Soybean crop when harvested.