DESCRIPTION OF ITEM
Estate’s Interest in Oil and Gas Royalty Interest in Harper County, Oklahoma.
Oil and Gas Royalty Interest for the following: 0.00011190 Decimal Interest in Mewbourne Oil Company. Lorene 9 1H. Property Description: All of Section 9, Township 26 North, Range 24 West, Harper County, Oklahoma, containing 640 acres of land, more or less, as to oil and casinghead gas producible from the wellbore only of the Lorene “9” No 1H well. Owner #024761.
The Revenues from 2012 to present are $1,812.79. The account was been put in suspense in 2016 when the bankruptcy was filed. It will remain in suspense until the sale is completed. The buyer will receive the revenues going forward from the date of transfer. To view a copy of the Revenue History 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 these oil/gas royalties 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.
LIENS We do not know of any liens.
NOTES
This is all we know about this Oil and Gas Overriding Interest. Document preparation fees for the Oil and Gas Overriding 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. Potential Buyers should not bid unless the fully intend to complete the sale.
Item ID Vermillion03
Case Name: John R. Vermillion
Case Number 16-41694
