Oil & Gas Mineral Rights near Benedict, McLean County, North Dakota!

Description

Item Id: Wickum02
Case Name: Wickum, Robert & Jacque
Case Number: 17 30669
Trustee:
Starting Minimum Bid: $1,495

Description: Oil & Gas well mineral rights near Benedict, North Dakota in McLean County. There is a co-owner listed on some of the deed related to the mineral rights. That co-owner is deceased and the debtor has inherited her portion of 192 acres

The Legal Description is:
The North Half of the NorthWest Quarter (N1/2 of NW1/4); SouthWest Quarter of the NorthWest Quarter (SW1/4 of the NW1/4), and Lots three (3) and four (4), of Section Thirty Five (35); in Township One Hundred Forty Nine (149) North of Range Eighty (80), containing one hundred ninety two (192) acres, more or less according to the US survey thereof:
And
Township 149 North, Range 80 West:
Section 35: Lots 3(51.55), 4(20.00), N/2 NW/4, SW/4 NW/4

The most recent lease on the rights was held by Atlantic Richfield (ARCO), a Delaware Corporation. The lease expired on 11/4/85 and was not renewed. Royalty payments to the owner during that period are unknown

There is no current lease holder or royalty payment stream

Notes: A document preparation fee of $200 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 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.

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 brokers. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with an assignment or deed as required by McLean 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, or 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 $200 (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 free 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

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