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Assets of Oil Well Drilling Company

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Listing Information


Assets of Oil Well Drilling Company

Price: $1,000,000.00

Other Item Info
Item #: kyebke_301397
Created: 04/25/2020
Category: Business Property > All Assets or Going Concerns > Oil Equipment, Services & Distribution
Sale Date: Wed. Jun 10, 2020
Seller Info
Michael B. Baker
Trustee's Attorney
2131 Chamber Center Drive
Ft. Mitchell, KY 41017
(859) 647-7777
Bankruptcy Info
Case #: 7:18-bk-70668
Case Title: Cut Through Hydrocarbon, LLC
Court: Kentucky Eastern Bankruptcy Court
Chapter: 7
View Case Docket

See More Documents


Sale of assets of Cut Through Hydrocarbon, LLC which includes:

  1. All of the Company's rights in the Royalty Escrow, provided that Buyer assumes ongoing Royalty Liability for funds in account.
  2. Interest of the Seller in all other entities including Corporations, LLCs, Partnerships, or Joint Ventures, listed on the Seller's Schedule A/B, Part 4 (Document #20 and Document #51).
  3. Interest of the Company in all other entities including Corporations, LLCs, Partnerships, or Joint Ventures, less and except any excluded assets.
  4. All machinery, equipment and vehicles of the Seller.
  5. 2,500 Deckatherm of Firm Transport.
  6. Assignment of all executory contracts and leases from the Seller to the Buyer including unexpired leases, and the interest of any co-owner of property or joint owner of property with the Seller at the time of the commencement of the case as described in 11 U.S.C. §363 (h) (Schedule G Document #20 and Document #51), less and except any excluded assets.
  7. All property of the Estate as defined in 11 U.S.C. §541 with the exception of cash in bank as of the petition date or cash received from operations after the petition date that is not otherwise held in the Royalty Escrow account, less and except excluded assets.
  8. All Business Interests of the Seller as described in the Statement of Financial Affairs, Part 13, #25.1 - 25.46.
  9. All of the Company's interest in real estate, including, but not limited to: all fee interests, leases, right of ways, permits and licenses, easements, implied or express, future interests, remainder interests, possessory interests, and/or claims against real property of any kind, including any transmission lines crossing any property held by the Seller under leases or otherwise, along with the interests of any joint owners of such lines, or party claiming an interest in suck lines which is undocumented or in dispute, related to the operation of the Company's business.

Additional Details

Auction time: 10:00 a.m.

Minimum bid: $1,100,000.00

Bid increment: $50,000.00

Other Information

Terms and Conditions:

See Attached.

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