November 1, 2017

Sold: Oil & Gas Mineral Rights near Zahl, Williams County, North Dakota with 2 Lease Payment Streams!

Item Id: Vigesaa01
Case Name: Vigesaa, Val Rae C
Case Number: 17 60470
Trustee:
Starting Minimum Bid: $1,995

Description: Oil & Gas well mineral rights near Zahl, North Dakota in Williams County. Debtor holds interest in the rights and the royalties. The current Oil/Gas lease holders are Oasis Petroleum of Houston, Texas, and Petro-Hunt of Denver, Colorado. The owner/debtor inherited some of the rights on a fractional basis from Orpha Thorson and some of those rights were transferred by the oil/gas lease firm in 2016.

The Legal Descriptions are:
Township 156 North – Range 101 West, 5th P.M
Section 28, S/2 NW/4
Section 29: SE/4 NE/4

Township 156 North, Range 99 West, Williams County, North Dakota
Section 31: E/2 SW/4 and Lots 3 and 4

Township 156 North Range 101 West, Williams County, North Dakota
Section 28: S/2 NW/4
Section 29: SE/4 NE/4

There are two lease operators and two payment streams. Lease operators are currently Oasis Petroleum, and Petro-Hunt. Royalty payments to the debtor have totaled $402.02 dating back to April 2016 to the present. This figure represents $220 paid by Oasis (Section 29), and $182.02 paid by Petro-Hunt (Section 31).

Location Info: Zahl is located in west central North Dakota. The rights are located west of the Lake Zahl National Wildlife Refuge

Liens: We do not know of any liens.

*Picture is of general area, not representative of actual property.*

Bidding Guide: Please review the bkassets.com bidding guide for terms of auction prior to placing a bid or making an offer..