Item ID: House01
Case Name: Lauren Lee House
Case Number: 11-32299-RTB
IMPORTANT LEGAL INFO:
CSAssets specializes in the liquidation of Bankruptcy Assets and Personal Assets. All Bankruptcy Assets are sold “AS IS WHERE IS” with no warranties implied or stated. The Seller and the Bankruptcy Trustee are not responsible for any liens or encumbrances against the items. The Buyer will be entirely responsible for these oil/gas royatlies after the sale, including but not limited to: pursuing the oil/gas royalties and all associated costs, paying all fee/liens (if any) associated with the oil/gas royalties, recording/transferring the title and gathering any documentation necessary for that process. CSAssets and the Trustee shall be under no obligation to the buyer except to provide the Buyer with a Bill of Sale and/or Trustee’s Deed or Assignments for the Oil/gas royalties.CSAssets has been provided information by the Debtor and we cannot guarantee that all of the information is accurate. CSAssets recommends all bidders perform their own due diligence PRIOR to bidding on this item. As with any Bankruptcy case, this sale may be subject to court approval. Please read all sections of the ad carefully, particularly for real estate sales.
DESCRIPTION OF ITEM:
Estate’s Interest in Oil and Gas Royalties in Lea County, New Mexico. Managed by:
(1) Oxy USA Corp., Owner ID #098895. Well -Lillie #1-5, Legal Description: SE/4NW/4 NW/4NW/4SW/4 Section 23, Township24S, Range 37E. To view a copy of the Oxy USA Legal descriptions and revenue history Click here.
(2) Smith & Marrs, Inc. Owner ID #024560. Knight Wells, Legal: Sec 21 & 22, T24S, Range 38E; To view a copy of the Smith & Marrs Legal descriptions and revenue history Click here.
(3) Phillips 66, Owner ID #1254502000. Langlie Mattix Unit #1, Legal: Sec 14 & 23, T24S, R37E. To view a copy of the Phillips 66 Legal descriptions and revenue history Click here.
(4) Enterprise Crude Oil, Owner ID #295621. Langlie Mattix Woolworth TR5, Legal: NW Sec 27, T24S, R37E all in Lea County, NM. To view a copy of the Enterprise Legal descriptions and Revenue history Click here.
Oxy USA 2010 Total 1099 net earnings: $1,923.81 &. 2011 Total 1099 net earnings: $2,303.85. Smith & Marrs 2011 Total 1099 net earnings: $932.78. Phillips 66 2011 Total 1099 net earnings: $245.91. Enterprise Crude Oil 2011 Total 1099 net earnings: $247.90.
LIENS: We do not know of any liens.
This is all we know about these Oil and Gas Royalty Interests. Document preparation fees for the Oil and Gas Royalty Interests of $350 will apply and will be included in the total of your invoice. All Sales are Final. Serious Bidders Only. Any bid submitted by a potential Buyer will be considered an agreement to our Terms. The eBay disclaimer regarding “contract to purchase” does not apply to our U.S. Bankruptcy Court Ordered Sales. Potential Buyers should not bid unless the fully intend to complete the sale.