Oil & Gas Mineral Rights near Zahl, Williams County, North Dakota with 2 Royalty Payment Streams!

Winning Bid: $4,000.00

Item condition: New

Category:

Description

Item Id: Vigesaa01
Case Name: Vigesaa, Val Rae C
Case Number: 17 60470
Trustee:
Starting Minimum Bid: $1,995

Description: Oil & Gas well mineral rights near Zahl, North Dakota in Williams County. Debtor holds interest in the rights and the royalties. The current Oil/Gas lease holders are Oasis Petroleum of Houston, Texas, and Petro-Hunt of Denver, Colorado. The owner/debtor inherited some of the rights on a fractional basis from Orpha Thorson and some of those rights were transferred by the oil/gas lease firm in 2016.
The Legal Descriptions are:

Township 156 North – Range 101 West, 5th P.M
Section 28, S/2 NW/4
Section 29: SE/4 NE/4

Township 156 North, Range 99 West, Williams County, North Dakota
Section 31: E/2 SW/4 and Lots 3 and 4

Township 156 North Range 101 West, Williams County, North Dakota
Section 28: S/2 NW/4
Section 29: SE/4 NE/4

There are two lease operators and two payment streams. Lease operators are currently Oasis Petroleum, and Petro-Hunt. Royalty payments to the debtor have totaled $402.02 dating back to April 2016 to the present. This figure represents $220 paid by Oasis (Section 29), and $182.02 paid by Petro-Hunt (Section 31). One of the leases/payment streams was previously owned by Orpha Thorsen. This portion was inherited by the debtor in 2016

Division Order See Link Below
Division Order

Payout History: See Links Below
Payment Stream from Petro Hunt.msg

Payment Stream Update Jan 18

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 www.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 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/rights, paying all fees/liens (if any), recording/transferring the title 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 a assignment or deed as required by Billings County. All the information as to the item description has been provided by the court. 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.

Legal Info:

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. BKAssets does not accept electronic payments.

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

Auction History

Auction has finished

Highest bidder was: pooch3

Date Bid User Auto
January 24, 2018 4:14 pm$4,000.00pooch3
January 24, 2018 4:14 pm$3,925.00txdirtman Auto
January 24, 2018 4:14 pm$2,745.00txdirtman
January 11, 2018 10:11 am$2,670.00abekk5
January 7, 2018 8:39 pm$2,595.00slk349real
January 4, 2018 1:49 pm$2,520.00abekk5
January 4, 2018 1:49 pm$2,503.00slk349real Auto
January 4, 2018 1:48 pm$2,445.00slk349real Auto
January 4, 2018 1:48 pm$2,370.00abekk5
January 4, 2018 8:31 am$2,295.00slk349real
January 4, 2018 8:30 am$2,220.00abekk5
January 4, 2018 8:20 am$2,145.00slk349real
January 4, 2018 8:17 am$2,070.00abekk5
January 3, 2018 4:27 pm$1,995.00slk349real
December 26, 2017 4:15 pmAuction started