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Assets of Oil and Gas Acquisition and Exploitation Company
Listing Information
Attachments
Assets of Oil and Gas Acquisition and Exploitation Company
Price: $11,650,000.00
Other Item Info
Item #: txsbke_430388
Created: 03/06/2019
Category: Business Property > All Assets or Going Concerns > Oil & Gas Producers
Sale Date: None Set
Created: 03/06/2019
Category: Business Property > All Assets or Going Concerns > Oil & Gas Producers
Sale Date: None Set
Seller Info
Matthew D Cavenaugh
Debtor's Attorney
1401 McKinney Street Ste 1900
Houston, TX 77010
713-752-4200
Debtor's Attorney
1401 McKinney Street Ste 1900
Houston, TX 77010
713-752-4200
Bankruptcy Info
Case #: 4:19-bk-31087
Case Title: Weatherly Oil & Gas, LLC
Court: Texas Southern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Weatherly Oil & Gas, LLC
Court: Texas Southern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of oil and gas non-operating assets of Weatherly Oil & Gas, LLC, which includes:
- The oil and gas leases more fully described on Exhibit A to the Assignment, including without limitation royalty interests and overriding royalty interests associated with such leases (collectively, the “Leases”) together with any leases that are pooled or unitized with any of the Leases, in whole or in part, and all interests in and to the lands covered by the Leases or such pools or units (the “Lands”), including without limitation any and all fee interests therein;
- The oil and gas wells, water wells and other wells located on or under the Leases and/or Lands, being specifically limited to the oil and gas wells, water wells and other wells as currently operated by EnSight and more fully described on Exhibit B to the Assignment, (the “Wells”) and all hydrocarbons produced therefrom after the Effective Time;
- Contracts affecting or associated with the Leases, Lands and Wells (“Contracts”), (Contracts do not include the Leases, Surface Rights or that certain Firm Gas Transportation Service Agreement between Regency Intrastate Gas LP and SND Operating, LLC dated February 1, 2015, as amended);
- All surface rights related to the Leases and Lands (the “SurfaceRights”);
- All equipment, machinery, fixtures, spare parts, inventory, and other personal property used in connection with the operation of the Leases and Wells or in connection with the production, treatment, compression, gathering, transportation, sale or disposal of hydrocarbons produced from or attributable to the Wells, including without limitation pipelines gathering lines, stored pipe, compressors, sucker rods, meters, valves and other production equipment (“Equipment”); and
- To the extent not discharged by the Bankruptcy Court, all proceeds of production and associated penalties and interest in respect of any of the Wells that are payable to any third party and are being held in suspense by Assignor as the operator of such Wells (the “Suspense Funds”).
Financial Overview
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Additional Details
Last date to respond: 21 days from the date of service
Date of Service: March 1, 2019