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Oil & Gas Interest in Illinois

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Oil & Gas Interest in Illinois



Price: $6,000.00


Other Item Info
Item #: ilsbke_174818
Created: 11/11/2016
Category: Business Property > Investments > Oil/Gas Interests
Sale Date: None Set
Seller Info
Dana S. Frazier
Trustee
P.O. Box 159
Murphysboro, IL 62966
618-687-5707
Bankruptcy Info
Case #: 4:16-bk-40795
Court: Illinois Southern Bankruptcy Court
Chapter: 7
View Case Docket

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Description

Sale of oil, gas and mineral rights of every kind whatsoever located in Wayne County, Illinois including the following described oil, gas, coal and mineral rights and any and all lease interest with Countrymark Refining and Logistics, LLC, “As Is,” subject to any and all other leases, other encumbrances and liens:
THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 26, TOWNSHIP 1 SOUTH, RANGE 9 EAST, CONTAINING 40 ACRES, MORE OR LESS, WAYNE COUNTY, ILLINOIS. IN LIEU OF ACTUAL PRODUCTION, THIS LEASE SHALL BE ALLOCATED .077332 OF THE OIL DELIVERED FROM THE HALF MOON UNIT UNDER THE TERMS OF A UNITIZATION AGREEMENT DATED JUNE 29, 1961 AND RECORDED IN BOOK 251, PAGE 199 OF THE RECORDS OF WAYNE COUNTY, ILLINOIS. THE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER & THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 26, TOWNSHIP 1 SOUTH, RANGE 9 EAST, WAYNE COUNTY, ILLINOIS, CONTAINING 80 ACRES, MORE OR LESS. IN LIEU OF ACTUAL PRODUCTION, THIS LEASE SHALL BE ALLOCATED .058580 OF THE OIL DELIVERED FROM THE HALF MOON UNIT UNDER THE TERMS OF A UNITIZATION AGREEMENT DATED JUNE 29, 1961 & RECORDED IN BOOK 251, PAGE 199 OF THE RECORDS OF WAYNE COUNTY, ILLINOIS.


Additional Details

Any higher offers should be in minimum increments of $100.00

Bid Deadline: November 30, 2016

Last date to respond: November 30, 2016



Other Information

Terms and Conditions:

See Attached.


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