Item Id: Paul-Gallagher01
Case Name: Paul, Mary Vyverberg (fka Mary Gallagher)
Case Number: 17 00498
Trustee:
Starting Minimum Bid: $1,495
Description:
Oil & Gas well mineral rights near Wabash Township, Indiana in Gibson County. Debtor holds interest in the rights and the royalties. The current Oil/Gas lease holder is CountryMark of Indianapolis, Indiana. The location is near Crawleyville and Owensville, IN, which are located in southwest Indiana
The Legal Description is: “The West Half of the East Half of the Northeast Quarter and the West Half of the Northeast Quarter of Section 28, Township 3 South, Range 14 West.
The lease operator is currently CountryMark Cooperative. Royalty payments to the debtor averaged $41.46 on a quarterly basis through to 3Q16. The Account # is- 132853. The Lease # is 81036, and is still active. Drilling and production continues per the County Assessor.
The debtor has been in ill health for two years and did not provide forwarding addresses to her investments and leasing contracts. As a result, payments/invoices were returned to the Sender who placed a hold on the account by the leasing firm. For this reason, royalties are only known through 2016 as payments ceased when USPS mail was returned as undeliverable.
The deed is in the name of the debtor’s late husband and was inherited by the debtor. A copy of the Will and Death Certificate will be provided to the winning bidder for recording with Gibson County. This auction is for 100% ownership.
Location Info: The location is near Crawleyville and Owensville, IN, which are located in southwest Indiana
Liens: We do not know of any other liens.
Bidding Guide: Please review the bkassets.com bidding guide for terms of auction prior to placing a bid or making an offer..