Item Id: Paul-Gallagher06
Case Name: Paul, Mary Vyverberg (fka Mary Gallagher)
Case Number: 17 00498
Starting Minimum Bid: $995
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Description: Oil & Gas well mineral rights near Clinton, Oklahoma in Custer County. Debtor holds interest in the rights and the royalties. The previous Oil/Gas lease holder is Buffco Petroleum of Longview, Texas. The location is west of Oklahoma City
The Legal Description is (abbreviated): “Larue # 1-17 Sec 17 Twp: 12N Rge 18W 1320 ¼ ¼ C ¼ NE ¼
The lease operator was previously Buffco Petroleum and previously Maduro Oil and Chesapeake Operating Buffco abandoned the well in June 2018
The debtor has been in ill health for two years and did not provide forwarding addresses to her investments and leasing contracts. As a result, payments/invoices were returned to the Sender who placed a hold on the account by the leasing firm. For this reason, royalties are unknown through 2016 as payments ceased when USPS mail was returned as undeliverable.
The deed is in the name of the debtor’s late husband and was inherited by the debtor. A copy of the Will and Death Certificate will be provided to the winning bidder for recording with Custer County. This auction is for 100% ownership.
Location Info: The location is west of Oklahoma City
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..