Oil & Gas Mineral Rights near South Heart, Stark County, North Dakota!

Description

Item Id: Obritsch01
Case Name: Obritsch, Travis & Coita
Case Number: 17 30033
Trustee:
Starting Minimum Bid: $995

Description: Oil & Gas well mineral rights near South Heart, North Dakota in Starkl County. Debtor holds 1/3 interest in the rights and the future royalties as a Life Estate. The Life Tenants are 67 and 66 years of age.

The Legal Description is:
Sec 13 S ½
Sec 24 S ½ NW ¼, N ½ SW ¼ N ½ NE ½ SE ¼ NE ¼ NE ¼ SE 1/4

The most recent lease on the rights was held by Cody Oil & Gas Corporation of Bismarck, North Dakota. The lease expired on 1/21/15 and was not renewed.
There is no current lease holder or royalty payment stream

Location The rights are located near South Heart, ND in Western North Dakota near Dickinson

Debtor Declaimern See Link Below-
Obritsch Disclaimer

Notes: A document preparation fee of $200 will apply. This is all we know about this item. Any fees/liens owing on this item are not part of the final bid price. A bid submitted by a buyer is an agreement to our Terms. Buyers should not bid unless they fully intend to complete the sale in accordance with our Terms (to view terms, click “Terms” tab in Seller Store header at top of ad).

Bidders should familiarize themselves with BKAssets.com policy regarding ‘Proxy Bidding’ (see ‘Bidding Guide’ on bkassets.com Home Screen). BKAssets is not responsible for connectivity issues, or Internet transmission times, when submitting an auction bid near the close of auction. The auction process does not extend past the set close time of the auction and bidders are solely responsible for the timing and receipt of their bids if they elect not to utilize Proxy bidding.

Legal Info: By Order of the United States Bankruptcy Court, Bkassets.com sells this and any other property “AS IS, WHERE IS”, with no warranties implied or stated. This means that the Seller and the trustee are not responsible for problems (if any) with the title, the condition of the property or rights, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this property after the sale including but not limited to: paying any fees/costs associated with this property and rights, paying all fees/liens (if any), recording/transferring the deed and gathering any paperwork/documentation necessary for that process. Seller and trustee are NOT appraisers or oil / gas brokers. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with an assignment or deed as required by Stark County. All the information as to the item description has been provided by the County Assessor / Treasurer. BKAssets cannot guarantee that all the information is accurate. BKAssets recommends all bidders perform their own due diligence prior to bidding. As with any bankruptcy sale, this sale may be subject to court approval.

Payment Info: $U.S. Money order, certified check, cashier’s check. BKAssets may also accept “bill pay” from Wells Fargo, Bank of America, Chase, Citibank, a local regional bank or Credit Union. If you would like to use “Bill Pay,” but do not bank at one of these establishments, please call BKAssets prior to sending payment.
A document preparation fee of $200 (payable to seller) will apply. Full payment must be received within (7) days of winning bid. Any bidder who does not complete the sale within 7 days from the close of auction will be considered in default. Seller has the right to proceed with the next highest bidder.

Shipping Info: Shipping is free to all buyers in the United States. International bidders are welcome, please contact Bkassets for shipping costs to countries other than the United States prior to bidding. Shipping costs to locations outside of the US will be calculated at the close of auction. Please be advised that because this is a US Bankruptcy Court Ordered sale, and subject to approval, shipping can take an average of 3-6 weeks.

Liens: We do not know of any liens

Bidding Guide: Please review the bkassets.com bidding guide for terms of auction prior to placing a bid or making an offer..