Oil & Gas Mineral Rights near Pine Grove, Pleasants County, West Virginia!

Starting bid: $1,495.00

Item condition: New

Auction starts in:

Auction starts: October 29, 2018 4:15 pm

Auction ends: November 28, 2018 4:15 pm

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Description

Item Id: Paul-Gallagher05
Case Name: Paul, Mary Vyverberg (fka Mary Gallagher)
Case Number: 17 00498
Trustee:
Starting Minimum Bid: $1,495

Description: Oil & Gas well mineral rights near Pine Grove, West Virginia in Pleasants County. Debtor holds interest in the rights and the royalties via inheritance. The rights have had a variety of lease holders over the past 25 years. The location is in southeast Pleasants County in the Districts of Jefferson, McKim and Washington

The Legal Description is (abbreviated):
‘First Tract, Beginning at a stone at road corner to Cook land; thence with road N 66 W 77 ½ rods to stone, corner to Zadock Dye on the top of hill…………….containing ninety-seven (97) acres, more of less’

“Being the same ½ minerals interest reserved by Roland Dye in Deed Book 74, Page 97, November 5, 1935, and willed to the wife Garnet Dye by will dated, August 5, 1959, recorded in Will Book 11 at page 115. This conveyance is made subject o any and all rights of way, reservations and easements now of record affecting said mineral rights’

The lease operators have included XTO Energy, Tapo Energy, Hamilton Natural Gas Company, and Maxon Energy. There have been past royalty payments to the debtor but the amounts paid are currently unknown. See below related to the debtor’s health.

The original deed references 97 acres. According to the County Assessor, there is natural gas drilling ‘in the area’ of the rights. Oil and gas drilling remains in Jefferson and Washington Districts and neighboring Lafayette and Union Districts

The rights come with a County record and taxes assessed by Pleasants County. The Account # is 13814309, and the Ticket # is 301213. Also, Account # 08-9999-00000748 and the Ticket # is 10931. The deed and leases are recorded in the name of the debtor’s late husband. The County invoices are in the name of the debtor. There is a total due in past due taxes in the amount of $40.24.

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 firms. 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 Pleasants County.

This auction is for 100% ownership
.

Deed
Paul05 -Deed 2 – Pleasants County WV

Lease Assignment:
Paul-Gallagher05 – Lease32

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.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 asset 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/leases 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 deed as required by Pleasants County, and contacts for the leasing firms. All the information as to the item description has been provided by the court. 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, Chase, Citibank, 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 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: There is a total due in past due taxes in the amount of $40.24. 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..

Auction History

October 29, 2018 4:15 pmAuction starting

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