Oil & Gas Mineral Rights with Payment Stream near Crosby, Divide County, North Dakota!

Description

Item Id: Birney01
Case Name: Birney, Kathleen A
Case Number: 17 02656
Trustee:
Starting Minimum Bid: $2,495

Description: Oil & Gas mineral rights near Crosby, North Dakota in Divide County. Debtor holds 1/5 interest in the rights and the royalties via an inheritance. The current Oil/Gas lease holder is SM Energy of Denver, Colorado. The location is near Crosby which is north of Williston, ND

The Legal Description is: “Township 162 North, Range 98 West, 5th P.M
Section 27: NW4
Section 28: E2

Wendt 16-21HS
Township 162 North, Range 98 W, Sections 28 & 33
The lease operator is currently SM Energy. Royalty payments to the debtor have totaled $340.83 dating back to May 2015 to the present, This figure represents the amount paid by SM Energy and is paid monthly
Location Info: The mineral rights are located near Crosby, ND which is located in far northwest North Dakota near the borders of both Montana and Canada.
Division Order: See Link below-
Division Order & Lease

Payout History: See Link below
Payout History

Notes: A closing cost 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 any liens or encumbrances against the unit. The buyer will be entirely responsible for this property/assignment after the sale including but not limited to: paying any fees/costs associated with this property, paying all fees/liens (if any), recording/transferring the title and gathering any paperwork/documentation necessary for that process with the lease energy firm. Seller and trustee are NOT appraisers or oil/gas rights brokers. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with a deed and contact information for the lease firm. 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.

Payment Info: $U.S. Money order, certified check, cashier’s check. BKAssets may also accept “Bill Pay” from Wells Fargo, Bank of America, Citibank, Chase, 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 closing cost 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