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Working Interest and Claims for Sale

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Working Interest and Claims for Sale



Price: $175,000.00


Other Item Info
Item #: txwbke_304816
Created: 06/10/2019
Category: Business Property > Financial > Claim
Sale Date: None Set
Seller Info
Mark Curtis Taylor
Trustee's Attorney
100 Congress Ave, Suite 1800
Austin, TX 78701
512-685-6400
Bankruptcy Info
Case #: 7:15-bk-70098
Case Title: Arabella Petroleum Company, LLC
Court: Texas Western Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of Working Interest and Claims, described as below:

  • Working Interest for $16,500.00: The seller's estate consists of a small (less than 1%) working interest in the Emily Bell wells located in Reeves County, Texas (the “Emily Bell Working Interest”); and
  • Claims for $158,500.00: The seller's include all right, title, interest, privileges and claims which APC holds or may be entitled to receive in the claims and causes of action defined as the “Emily Bell/Discovery Claims” in one certain instrument titled Assignment of Claims dated February 5, 2019 between Arabella Exploration, LLC (“AEX”), Arabella Operating, LLC (“AOC”) and APC (the “Claims”).

Other Information

Terms and Conditions:

See Attached.


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