DESCRIPTION OF ITEM
Estate’s Interest in Oil and Gas Royalties in several wells in the Fayetteville Shale area in Van Buren County, AR. The Debtor’s 3/16 Interest is managed by Southwestern Energy, Owner ID 336517. The wells include: Perrien, Frank 9-14 #2-14H/206540001A, Perrien, Frank 9-14 #3-14H/206546001A, Jones 09-14 #4-26H14/209375001A and Stacks 9-14 #4-12H13/210307001A. Legal Description: 9N-14W- Section 14 of Van Buren County, Arkansas.
2011 Total net earnings from 7/25/11 thru 12/25/11 were $320.99 and 2012 Total net earnings are: $420.69. YTD earnings for 2013 are: $1192.45. To view a copy of the check history through 1-25-13 Click here. There were no checks distributed for February and March. To view a copy of the checks from 4/25/13 – 5/25/13 Click here. To view a copy of the legal description Click here. To view a copy of a Division Order for one of the French Wells Click here.
In addition to the wells listed above and in the attachment, the following wells have just been brought online: French 9-14 #9-11H14A/2501123599, French 9-14 #11-11H14A/2501123505, French 9-14 #13-11H14A/2501123558, French 9-14 #10-11H14A/2501123597, French 9-14 #12-11H14A/2501123598.
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 There may be past due property taxes owed on the Interests, which will be payable by the Buyer. We do not know of any liens.
NOTES
This is all we know about these Oil and Gas Royalty Interests. Document preparation fees for the Oil and Gas Royalty Interests of $250 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: Hubbard01
Case Name: Roger & Vicki Hubbard
Case Number: 12-18869-BMW
