October 31, 2022

On Sale Soon: Oil and Gas Mineral Rights with Operating Lease in Milano, Milam County, Texas !

Item Id: Silva01
Case Name: Silva, Mary K
Case Number: 20 14788
Trustee:
Starting Minimum Bid: $1,995

Description: Oil & Gas well mineral rights near Milano, Texas in Milam County. Debtor holds interest 1/4th in the rights and the royalties as a Decedent verified by Affidavit of Heirship.

The Legal Description is:
“1.59 acres of land as the Ernest Cottle Grant, A-129, Milan County, Texas, particularly described in the Attached A which is incorporated herein by reference and made a part of brief of for all purposes, save and except, however Grant herein, hereby reserves ALL of the oil, gas and minerals, oil royalty, possession use and benefit of such property for an during her lifetime’.

Rights inherited by Debtor

There is a lease affiliated with these operated by Ernst Operating of Rockdale, Texas.

Total royalties currently due to rights is $153.90 as of 9/22.

Past royalties checks are uncashed or have been returned to Ernest. Future royalties are unknown as Ernst has not calculated since past checks are not claimed. According to the Assessor, there may be natural gas exploration in the area.

Location Info: The mineral rights are located south of Milano

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