Oil & Gas Interest in Chapa Pipeline Natural Gas near George West, Live Oak County, Texas!

Description

Chapa Pipeline LandscapeItem Id: Coleman-Tidewater02
Case Name: Coleman, George B & Tidewater Minerals Corp
Case Number: 12 20423 & 13 20317
Trustee:
Starting Minimum Bid: $29,995

Description: All Interest in the Chapa Gas Pipeline located in Live Oak County, Texas near George West. Under a settlement, Debtor granted 100% of his rights/interest to the Estate.

The pipeline is commonly known as ‘Chapa Pipeline’ and consists of 17.2 miles of 10’ and 6’ natural gas gathering line, permanently attached equipment and appurtenances, including any and rights-of-way, easements, prescriptive rights, permits, license and government authorizations conveyed to Tidewater Mineral Corporation by Texana Midstream Company LP to Conveyance dated 3/1/2010 and recorded 3/4/2010.

The Chapa Pipeline is not yet producing income as the Trustee is not operating it. The winning buyer may seek from producers of natural gas to transport through the pipeline for a fee.

The Owner ID#’s are: # 46236, # 51038, and # 53048 according to Live Oak County Appraiser’s Office

2018 taxes are assessed and invoiced in late October of this year and are due by 1/31/2019. The County Appraiser estimates the tax invoice for 2018, at that time, will be approximately $6,022 (subject to change) and will be paid by the buyer. The Estate is paying for all past taxes due from 2017 and prior.

There is no current lease holder or royalty payment stream related to the pipeline.

Notes: A document preparation fee of $275 will apply. This is all we know about this item. Any fees/liens owing on this item are not part of the final bid price. A bid submitted by a buyer is an agreement to our Terms. Buyers should not bid unless they fully intend to complete the sale in accordance with our Terms (to view terms, click “Terms” tab in Seller Store header at top of ad).

Bidders should familiarize themselves with BKAssets.com policy regarding ‘Proxy Bidding’ (see ‘Bidding Guide’ on BKAssets.com Home Screen). BKAssets is not responsible for connectivity issues, or Internet transmission times, when submitting an auction bid near the close of auction. The auction process does not extend past the set close time of the auction and bidders are solely responsible for the timing and receipt of their bids if they elect not to utilize Proxy bidding.

Deeds: See links below-
Deed Mineral Karnes Co-recorded
Deed from estate to Schmidt, recorded

Legal Info: By Order of the United States Bankruptcy Court, BKAssets.com sells this and any other property “AS IS, WHERE IS”, with no warranties implied or stated. This means that the Seller and the trustee are not responsible for problems (if any) with the title, the condition of the property or rights, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this property after the sale including but not limited to: paying any fees/costs associated with this property, paying all fees/liens (if any), recording/transferring the title and gathering any paperwork/documentation necessary for that process. Seller and trustee are NOT appraisers, or oil/gas/pipeline brokers. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with a assignment or deed as required by Live Oak County. All the information as to the item description has been provided by the court. BKAssets cannot guarantee that all the information is accurate. BKAssets recommends all bidders perform their own due diligence prior to bidding. As with any bankruptcy sale, this sale may be subject to court approval.

Payment Info: $U.S. Money order, certified check, cashier’s check. BKAssets may also accept “Bill Pay” from Wells Fargo, Bank of America, Chase, Citibank, a local regional bank or Credit Union. If you would like to use “Bill Pay,” but do not bank at one of these establishments, please call BKAssets prior to sending payment.

A document preparation fee of $275 (payable to seller) will apply. Full payment must be received within (7) days of winning bid. Any bidder who does not complete the sale within 7 days from the close of auction will be considered in default. Seller has the right to proceed with the next highest bidder.

Shipping Info: Shipping is included to all buyers in the United States. International bidders are welcome, please contact BKAssets for shipping costs to countries other than the United States prior to bidding. Shipping costs to locations outside of the US will be calculated at the close of auction. Please be advised that because this is a US Bankruptcy Court Ordered sale, and subject to approval, shipping can take an average of 3-6 weeks.

Liens: We do not know of any liens other than the taxes.