Oil & Gas Mineral Rights near Palermo, Redmond Township, Mountrail County, North Dakota!

Description

Item Id: Ralston01
Case Name: Ralston, Robert G
Case Number: 18 40970
Trustee:
Starting Minimum Bid: $7,250

Description: Oil & Gas well mineral rights near Palermo, North Dakota in Mountrail County. Debtor holds interest in the rights and the royalties. The current Oil/Gas lease holders are Hunt Oil Company of Dallas, Texas, and E O G Resources of Houston, Texas. There are previous lease records with the following: Contex Energy, Border Resources, and Diamond Resources

The Legal Description is:

‘Mountrail County, North Dakota, Township 157 North – Range 89 West
Section 29: Lots 2, 3 ,4 NW ¼ SE ¼
Section 31: E ½ NE ¼
Section 32: Lots 2, 3’

The net mineral acres encompass approximately 180 acres

There are two lease operators and two payment streams. Lease operators are currently EOG Resources, and Hunt Oil Company. Royalty payments to the debtor have totaled $2,396.62 in 2017.

This figure represents $1,506.64 paid by EOG Resources, and $889.98 paid by Hunt Oil for 2017 only.

Payout History: See Links-
EOG Ad Royalties

Hunt Oil Royalty

Notes: A document preparation fee of $275 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 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.com 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, the leases, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this property/rights 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/lease and gathering any paperwork/documentation necessary for that process. Seller and trustee are NOT oil/gas brokers. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with an assignment or deed as required by Mountrail County. All the information as to the item description has been provided by the court and leasing firms. 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 $275 (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 free 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