Sold: Oil & Gas Mineral Rights with Lease and Royalties near Gladewater, Gregg County, Texas!

Item Id: Durham01
Case Name: Durham, Franklin C Sr, & Martha W
Case Number: 18 08919
Trustee:
Starting Minimum Bid: $4,695

Description: Oil & Gas well mineral rights near Gladewater, Texas in Gregg County. Debtor holds inherited interest in the rights and the royalties. The current Oil/Gas lease holder is XTO Energy of Ft Worth, Texas. The location is near Gladewater which is west of Shreveport, LA

The Legal Description (abbreviated) is: “….Third Tract…described in an Oil, Gas, and Mineral lease executed by J R Carter, et al, in favor of R H Williams on or about October 1, 1935….’

The rights are taxed by the City of Gladewater (not the County). The Tax Invoice #’s affiliated with the rights are #001101431, 001485353 and #001451124. As of 3/1/19, the total balance due in unpaid taxes is $41.96

The lease operator is currently XTO Energy. Royalty payments to the debtor have totaled: $873.67 in 2016. In 2018, total documented payments to the debtor were $235.13. The Owner/Investor # is 0863026 with XTO.

Location Info: The location is near Gladewater which is west of Shreveport, LA

Liens: We do not know of any other liens

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