DESCRIPTION OF ITEM
Estate’s Working Interests in an Oil and Gas Lease for all of the Wells in Ellis County, OK, Lipscomb County, TX and Hemphill, TX as shown in the attached Division Order dated July 26, 2023, Click here. The Interest percentage appears to be 1 percent. Legal Descriptions vary as shown on the Exhibit “A” in the Division Order. The lease is controlled by Mewbourne Oil Company in Tyler, Texas. To view the revenue distributions made by Mewbourne Oil Company totaling to date: $10,559.62, please Click here. The only recorded data we were able to obtain in regard to the interests is an Affidavit and Assignment of Oil and Gas Leases from Ellis County, OK. To view that document please Click here.
There are similar documents recorded in Lipscomb County and Hemphill, TX. Please do all of your due diligence PRIOR to bidding on the item. Due to the nature and size of this asset, the Trustee intends to provide the Buyer a Bill of Sale for the Asset. It will be the Buyer’s responsibility to obtain the Assignments needed to get the interest transferred over by Mewbourne Oil Company. We highly recommend that the Buyer contact an Attorney or a Title Company to obtain the documents needed for the transfer. The interest is currently being held by Harvey Sender, Trustee Owner #1012084.
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 fees/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 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.
NOTES
This is all we know about this Oil and Gas Lease Working Interest. A Document preparation fee for the Oil and Gas Lease Interest 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. Potential Buyers should not bid unless the fully intend to complete the sale.
Item ID: Roberts01
Case Name: Michael J. Roberts
Case Number: 22-10521
