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Assets of Oil & Natural Gas Company
Listing Information
Attachments
Assets of Oil & Natural Gas Company
Price: $6,000,000.00
Other Item Info
Item #: txwbke_338002
Created: 02/21/2020
Category: Business Property > All Assets or Going Concerns > Oil & Gas Producers
Sale Date: None Set
Created: 02/21/2020
Category: Business Property > All Assets or Going Concerns > Oil & Gas Producers
Sale Date: None Set
Seller Info
Bernard R Given
Debtor's Attorney
10100 Santa Monica Blvd Ste 2200
Los Angeles, CA 90067-4120
(310) 282-2000
Debtor's Attorney
10100 Santa Monica Blvd Ste 2200
Los Angeles, CA 90067-4120
(310) 282-2000
Bankruptcy Info
Case #: 7:19-bk-70106
Case Title: Remnant Oil Company, LLC and Remnant Oil Operating, LLC
Court: Texas Western Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Remnant Oil Company, LLC and Remnant Oil Operating, LLC
Court: Texas Western Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all of assets of the Remnant Oil Company, LLC and Remnant Oil Operating, LLC, including the seller's right, title, and interest in and to the seller's assets located in the Caprock region of Chaves and Lea Counties, New Mexico. The Assets cover approximately 13,980 gross acres and contain 174 wells, consisting primarily of the 96-well Rock Queen Unit, the 49-well Drickey Queen Sand Unit, and 29 other wells in the West Caprock Queen Unit, the North Caprock Celero Unit, and other miscellaneous Caprock-areas, the seller's eighteen mile CO2 pipeline, and the Debtors’ right to produce 16,000 bbls daily of fresh water, via two water licenses, L-3776 and L-2661, issued by the New Mexico Office of the State Engineer.
Assets for sale is more described on the attached PDF.
Financial Overview
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