Item Id: Schaeffer01
Case Name: Schaeffer, Jo Ann
Case Number: 18 01878
Starting Minimum Bid: $1,895
Description: Oil & Gas well mineral rights near South Heart, North Dakota in Stark County
The Legal Descriptions are:
Township 139 North, Range 99 West
Section 4: & Section 5, containing 1,272.5 Acres, M/L
Parcel 1: Part of the SW1/4NW1/4 of Section 4; Township 139 North, Range 99 West of the Fifth Principal Meridian, Stark County, North Dakota, described as follows:
Beginning at a point 585 feet North, and 209 feet East of the southwest corner of the NW1/4 of Section 4, Township 139 North, Range 99 West, thence running East 209 feet, thence running North 209 fee, thence running West 209 fee, thence running South 209 fee to the point of beginning
Parcel 2:Part of the SW1/4NW1/4 of Section 4: Township 139 North, Range 99 West of the Fifth Principal Meridian, Stark County, North Dakota, described as follows:
Township 139 North, Range 99 West: Section 4 a 0.4568 acre tract and A 1.0028 acre tract in the SW NW more fully described in Document # 3076256 ‘including all streets, avenues, and alleys adjacent thereto,
Whenever the fraction one-eight (1/8th) appears in the paragraphs herein, the same is hereby changed to read three-sixteenths (3/16th)’
The Estate only owns 1.4596 mineral acres.
The current on the rights is held by Whiting Petroleum Corporation of Denver, Colorado
Total Payments to the current owner (debtor) have been $1,710 dating back to June 2014 as of June 2018
Division Order See Link Below
Payment Stream from OG Firm
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 property 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 deed and lease 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 Stark County and contact information at the leasing firm. 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: 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..