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Oil and Gas leasehold & Royalty interests and Equipment
Listing Information
Attachments
Oil and Gas leasehold & Royalty interests and Equipment
Price: Not Specified
Other Item Info
Item #: kywbke_247152
Created: 07/23/2014
Category: Business Property > Investments > Oil/Gas Interests
Sale Location: Louisville, Kentucky
Sale Date: Thu. Sep 25, 2014
Created: 07/23/2014
Category: Business Property > Investments > Oil/Gas Interests
Sale Location: Louisville, Kentucky
Sale Date: Thu. Sep 25, 2014
Seller Info
Michael A. Fiorella
Trustee's Attorney
100 St. Ann Building P.O. Box 727
Owensboro, KY 42302-0727
(270) 926-4000
Trustee's Attorney
100 St. Ann Building P.O. Box 727
Owensboro, KY 42302-0727
(270) 926-4000
Bankruptcy Info
Case #: 1:09-bk-10907
Case Title: Young Oil Corporation
Court: Kentucky Western Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Young Oil Corporation
Court: Kentucky Western Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of Oil and Gas leasehold & Royalty interests and Equipment of Young Oil Corporation, describe as: oil and gas leases on land located in Kentucky and Tennessee, and approximately eighty producing oil and gas wells and related equipment located on the real property subject to such leases. The Leases and Wells consist of three groups of assets: (i) all of the gas wells and the related leases, gathering system, and equipment with respect to real property located in Knox County and Laurel County, Kentucky (the “Gray Field Assets”); (ii) all of the gas wells and the related leases, gathering system, and equipment with respect to real property located in Fentress County, Tennessee (the “Gernt Assets”); and (iii) all of the oil wells and the related leases and equipment with respect to real property located in Adair, Clinton, and Metcalfe counties in Kentucky, and Fentress and Overton counties in Tennessee.
The Company were engaged in the business of exploring and developing oil and gas resources in Kentucky and Tennessee.
Financial Overview
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Sale Location
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Louisville, KY,
Additional Details
Auction at:
offices of Frost Brown Todd LLC
Date: September 16, 2014 at 10:00 am
Bid Deadline: 5:00 p.m. (Eastern Daylight Time) on the day that is three (3) business days prior to the Auction
Bid Deposit Amount: (10%) of the proposed Purchase Price
Bid Increment Amount: $10,000.00
Last Date to respond – July 30, 2014