Oil & Gas & Coal Mineral Rights near Beulah, Mercer County, North Dakota!

Description

Item Id: Bogo01
Case Name: Bogo, Tamara A
Case Number: 18 30134
Trustee:
Starting Minimum Bid: $1,195

Description: Oil & Gas & Coal mineral rights near Beulah, North Dakota in Mercer County. Debtor holds a Life Estate for all mineral ‘revenues whether denominated as rentals, royalties, or bonuses’. The deed holder is currently 74 years of age

There is no current Oil/Gas lease holder. According to the County Assessor, there is “lease activity one Section away for coal from this’ deeded right.

The Legal Description is: “Township 143 North, Range 88 West…

Section 20: And an overriding royalty of twenty-five cents ($.25) per cubic yard for all commercially processed grades of scoria or sand and gravel extracted from NE1/4 NW 1/, S1/2 N1/2, N1/2 S1/2m NW1/4 NW1/4, NE ¼ NE ¼, S1/2 S1/2…

Section 20: And an overriding royalty for all coal mined and sold from NE ¼ NW ¼. Such overriding royalty shall be at the rate of 1 and ½ cents ($0.015) per ton (2,000 lbs) of coal mined and sold…

And Grantor’s complete interest in the oil, gas and other minerals received by Grantor by mineral deed dated March 11, 2011 and recorded March 17, 2011 in Book 150 Deeds page 395 and more fully described in Exhibit 1 hereto’

Deed (Life Estate) See Link Below-
mineral deed

Notes: A document preparation fee of $225 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 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 rights, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this property/right 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. Seller and trustee are NOT appraisers or oil/gas brokers. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with an assignment or Trustee’s deed as required by Mercer County. All the information as to the item description has been provided by the court and County Assessor. 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 document preparation fee of $225 (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 included 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 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..