January 28, 2019

Sold: Oil & Gas Mineral Rights and Lease near Beckville, Panola County, Texas!

Item Id: Matthews02
Case Name: Matthews, Billy W & Janice M
Case Number: 18 30400
Starting Minimum Bid: $1,995

Description: Oil & Gas well mineral rights near Beckville, Texas in Panola County. The debtor owns partial interest inherited from a late grandmother.

The Legal Description is:

‘All of our undivided interest in and for 15 acres, more or less, being a 16-acre tract, a part of the A DuBoise Survey, being the same land described in that certain warranty deed from Maude Patty et al to Tinnie Dupriest, dated April 20, 1937 and recorded in Volume 138, Page 579, Deeds Records of Panola County, Texas; less and exceed a one (1) acre tract described in that certain warranty deed from Walter and Tinnie Dupriest to W A Langley, dated November 19, 1938 and recorded in Volume 156m Page 473,, Deed of Records of Panola County, Texas to which deeds and records referenced is herein made for all purposes.

It is recognized that the land covered hereby is included in the C I Bell Unit and that as of the date of execution of this lease the lessee is not in default of any delay rental payment required for herein but is under the obligation to account to Lessor for accrued royalties from date of first production’

The current lease holder is Amplify Energy of Houston. Past lease holders have been Chesapeake Operating and EOG Resources

The most recent royalty payment to the debtor was $4.77 in August 2018

Location Info: Beckville is located in far east Texas near the state line with Louisiana

Liens: We are not aware 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..