Oil and Gas Interest in Wyoming For Sale

17.5% working interest in oil and gas wells in Crook County, Wyoming. On Schedule B, Question 35 of the attached bankruptcy schedules, Ms. Gibson values this interest at $170,000. On Question 5 of the Statement of Financial Affairs, Ms. Gibson indicates that in 2016 she was paid $118,297 on account of the working interests and in 2015 she was paid $480,000. The Trustee has not done any independent verification of the amounts paid to Ms. Gibson on account of the working interests. Additionally, the IRS has filed a tax lien upon the working interests; nevertheless, the Trustee can sell the working interests free of the IRS tax lien with a bankruptcy court order.

The operator of the wells is a gentleman named Don Adams, who claims to be owed for unpaid JIBS in an undisclosed amount. Despite the tax lien and unpaid JIBS, Mr. Adams has been making sporadic monthly payments, after bankruptcy, to the debtor of $9,000+ or – . the Trustee is attempting to obtain information regarding the well production and operating costs from Mr. Adams, but as of today’s date the only information the Trustee has is attached.

The legal description is:

9 oil wells located in Township 512 North, Range 68 West, Section 36 and Section 25; Township 50 North, Range 68 West, Sections 1, Section 2 and Section 12 Crook County, Wyoming.