Item Id: Ralston01
Case Name: Ralston, Robert G
Case Number: 18 40970
Trustee:
Starting Minimum Bid: $7,249
Description: Oil & Gas well mineral rights near Palermo, North Dakota in Mountrail County. Debtor holds interest in the rights and the royalties. The current Oil/Gas lease holders are Hunt Oil Company of Dallas, Texas, and E O G Resources of Houston, Texas. There are previous lease records with the following: Contex Energy, Border Resources, and Diamond Resources
The Legal Description is:
‘Mountrail County, North Dakota, Township 157 North – Range 89 West
Section 29: Lots 2, 3 ,4 NW ¼ SE ¼
Section 31: E ½ NE ¼
Section 32: Lots 2, 3’
The net mineral acres encompass approximately 180 acres
There are two lease operators and two payment streams. Lease operators are currently EOG Resources, and Hunt Oil Company. Royalty payments to the debtor have totaled $2,396.62 in 2017.
This figure represents $1,506.64 paid by EOG Resources, and $889.98 paid by Hunt Oil for 2017 only.
Location Info: The rights are located in northwestern North Dakota near Palermo
Liens: We do not know of any liens
Bidding Guide: Please review the bkassets.com bidding guide for terms of auction prior to placing a bid or making an offer..