DESCRIPTION OF ITEM
Estate’s Interest in an Oil and Gas Lease for mineral rights on land in Hamilton County, Illinois. 4.46 net mineral acres. Legal Description: 40 acres of land, more or less, Hamilton County, Illinois, more particularly described as Township 4 South, Range 7 East, 3rd P.M. Section 32: SE1/4, NE1/4. The lease is controlled by Wood Energy, Inc. in Mt. Vernon, IL. Wood Energy, Inc. has acquired the interest under lease for the purpose of drilling an oil and gas well. The five year lease was acquired in April of 2013 with the renewal option for an additional three years for an additional $350 per net acre with a Royalty of approximately 17.5%. To view the Lease Click here.
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 the oil/gas Lease after the sale, including but not limited to: pursuing the interest in the oil/gas Lease and all associated costs, paying all fee/liens (if any) associated with the oil/gas Lease, 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 Assignment for the Oil/gas Lease. CSAssets has been provided information by the Debtor & the Management Company 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.
LIENS We do not know of any liens.
This is all we know about this Oil and Gas Lease Interest. A Document preparation fee for the Oil and Gas Lease Interest of $200 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.
Item ID: Dutiel01
Case Name: Patricia & Edward Dutiel
Case Number: 14-13737