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Sales of Oil and Gas Related Assets

FDIC does not reserve mineral rights in its owned real estate (ORE) deeds under any general program. Instead, FDIC obtains oil & gas interests in one of three ways.

First, FDIC inherits foreclosed oil & gas interests reflected as assets on the books of an institution at failure. Second, and more commonly, FDIC discovers such assets when a third party contacts FDIC about an oil & gas interest revealed by a title search. For example, if an institution routinely reserved mineral rights in its ORE deeds and the institution subsequently failed, record title to the interests may be in FDIC as successor to the failed institution, even though the interests were previously unknown since they were not reflected as assets on the books of the institution at failure. Third, but more rarely, when an ORE purchaser desires to purchase from FDIC only surface rights but not associated mineral interests, FDIC itself, in order to maximize the net present value of an asset as a whole, may sever the surface and mineral interests by reserving mineral rights in its ORE deed to the purchaser. The newly created oil & gas interest becomes a part of FDICís inventory.

Once an oil & gas interest is identified as part of FDICís inventory, no matter how obtained, FDIC then values the interest, verifies title, resolves title issues, and manages the asset (which may include entering into a lease), again in order to maximize the net present value of the asset. The primary marketing strategy FDIC has developed for the oil & gas interests in its inventory is to offer such interests for sale at auction through an oil & gas contractor, currently Energynet.com.

Sales as of 5/7/2014
Lot Number Name Sales Price Sale Date
30063 Federal Deposit Insurance Corporation - Wattenberg Field - 7 Well Package (Producing MI/RI) - Broomfield County, Colorado $371,700 3/27/2014
28791 Federal Deposit Insurance Corporation - Leased Minerals (40.00 NMA) - Henderson County, Texas $60,270 1/9/2014
29381 Federal Deposit Insurance Corporation - 7 Well Package (Producing MI/RI) and Non-Producing Minerals (33.90 NMA) - Leon County, Texas $950,250 12/12/2013
28789 Federal Deposit Insurance Corporation - Leased Minerals (51.435 NMA) - Henderson County, Texas $262,710 9/12/2013
27403 Federal Deposit Insurance Corporation - Barnett Shale - Leased Minerals (124.50 NMA) - Denton County, Texas $210,210 3/28/2013
26674 Federal Deposit Insurance Corporation - Clinton Townsite 14-1 & 2-14 (RI) - Custer County, Oklahoma $325.50 3/21/2013
26676 Federal Deposit Insurance Corporation - Tommye Stringfield #1 & Roberts-Miller-Holloway GU #1 (RI) - Henderson County, Texas $63,420 3/21/2013
26675 Federal Deposit Insurance Corporation - Carling Unit (RI) - Robertson County, Texas $52,920 3/21/2013
26571 Federal Deposit Insurance Corporation - Akin-Foxfire Unit & McCullough-Olden Unit #1 - Brazos County, Texas $42,210 11/29/2012
26467 Federal Deposit Insurance Corporation - Delozier 6-35, 7-35 and 8-35 (ORRI) - Washita County, Oklahoma $1,375.50 11/29/2012
26653 Federal Deposit Insurance Corporation - Barnett Shale - 6 Well Package - Ledezma Unit (Producing MI/RI) - Johnson County, Texas $214,200 11/7/2012
16731 Federal Deposit Insurance Corporation - McElmo Dome Unit CO2 (Non-Operated WI) - Montezuma and Delores Counties, Colorado $32,760 10/3/2012
25736 Federal Deposit Insurance Corporation - Grimes #1-23 & #2-23 (RI) - Garvin County, Oklahoma $4,068.75 9/20/2012
25795 Federal Deposit Insurance Corporation - Barnett Shale - TRWD Marine Quest Unit #1H & #2H (RI) - Tarrant County, Texas $1,548.75 8/9/2012
25792 Federal Deposit Insurance Corporation - Pack Unit #1H (RI) - Robertson County, Texas $5,538.75 8/9/2012
16889 Federal Deposit Insurance Corporation - Deep Fork 12-10 (RI) - Oklahoma County, Oklahoma $1,270.50 6/28/2012
16853 Federal Deposit Insurance Corporation - 5 Well Package (Producing MI/RI) - Caddo County, Oklahoma $6,011.25 6/28/2012
16807 Federal Deposit Insurance Corporation - Graves Estate 1-1, 1-2, 1-3 & 1-4 (RI) - Harris County, Texas $1,863.75 6/28/2012
16901 Federal Deposit Insurance Corporation - 7 Well Package (Producing RI) - Grady County, Oklahoma $3,176.25 6/28/2012
16900 Federal Deposit Insurance Corporation - Rounds #1-3 (ORRI) - Roger Mills County, Oklahoma $1,428 5/17/2012
16794 Federal Deposit Insurance Corporation - 10 Well Package (Producing RI) - Garfield County, Oklahoma $12,652.50 5/17/2012
16869 Federal Deposit Insurance Corporation - Emily 16-A (ORRI) - Caddo County, Oklahoma $1,060.50 5/17/2012
16837 Federal Deposit Insurance Corporation - Millington #4-11 & #5-11 (Non-Operated WI) - Roger Mills County, Oklahoma $378 5/16/2012
16834 Federal Deposit Insurance Corporation - Morris 1-4 & 2-4 (Non-Operated WI & RI) - Alfalfa County, Oklahoma $1,092 5/16/2012
16878 Federal Deposit Insurance Corporation - Daily B Elliott #1-24 (Non-Operated WI) - Caddo County, Oklahoma $273 4/11/2012
24762 Federal Deposit Insurance Corporation - 3 Well Package (Non-Operated WI & RI) - Caddo County, Oklahoma $1,060.50 4/11/2012
16797 Federal Deposit Insurance Corporation - Lion 2-34 (ORRI) - Lincoln County, Oklahoma $682.50 4/10/2012
16655 Federal Deposit Insurance Corporation - 2 Well Package (RI) - Washita County, Oklahoma $1,837.50 4/10/2012
16923 Federal Deposit Insurance Corporation - 2 Well Package (ORRI) - Roger Mills County, Oklahoma $1,428 4/10/2012
16445 Federal Deposit Insurance Corporation - 3 Well Package (RI) - Grady County, Oklahoma $2,341.50 4/10/2012
16941 Federal Deposit Insurance Corporation - L. M. Spencer #1-20 (RI) - Canadian County, Oklahoma $1,365 4/10/2012
16790 Federal Deposit Insurance Corporation - Waltrip 1-H (RI) - Grimes County, Texas $5,381.25 4/10/2012
16398 Federal Deposit Insurance Corporation - South Oklahoma Folded Belt Basin - 3 Well Package (RI) - Garvin County, Oklahoma $1,837.50 4/10/2012
16736 Federal Deposit Insurance Corporation - 2 Well Package (RI) - Washita County, Oklahoma $2,861.25 4/10/2012
16793 Federal Deposit Insurance Corporation - Jeanne Marie 1-19H (RI) - Okfuskee County, Oklahoma $2,446.50 4/10/2012
16669 Federal Deposit Insurance Corporation - F & R Halsell #3, #5 & #6 (Non-Operated WI) - Jack & Palo Pinto Counties, Texas $69,930 3/21/2012
16740 Federal Deposit Insurance Corporation - 2 Well Package (Non-Operated WI) - Pratt County, Kansas $7,035 3/21/2012
16800 Federal Deposit Insurance Corporation - Pennington 1-17 (Non-Operated WI) - Roger Mills County, Oklahoma $1,900.50 3/21/2012
25221 Federal Deposit Insurance Corporation - San Joaquin Basin - Leased Mineral Rights (319.00 NMA) - Kern County, California $236,250 3/15/2012
25220 Federal Deposit Insurance Corporation - San Joaquin Basin - Leased Mineral Rights (157.50 NMA) - Kern County, California $113,400 3/15/2012
16909 Federal Deposit Insurance Corporation - Milliken 34 #1 (ORRI) - Midland County, Texas $13,912.50 3/15/2012
16391 Federal Deposit Insurance Corporation - Lena Wims and Lena Wims B (RI) - Franklin County, Texas $5,801.25 3/15/2012
16457 Federal Deposit Insurance Corporation - 3 Well Package (RI/ORRI) - Canadian County, Oklahoma $10,552.50 3/15/2012
16890 Federal Deposit Insurance Corporation - Pate 21A-3 (RI) - Oklahoma County, Oklahoma $2,530.50 1/26/2010
16896 Federal Deposit Insurance Corporation - Seneca "33" #1 (ORRI) - Roger Mills County, Oklahoma $367.50 1/26/2010
16920 Federal Deposit Insurance Corporation - Andrew #1-34 (MI/RI) - Woodward County, Oklahoma $651 1/26/2010
16849 Federal Deposit Insurance Corporation - Bethany 1-16 (RI) - Oklahoma County, Oklahoma $2,740.50 1/26/2010
16808 Federal Deposit Insurance Corporation - Tiger #1-29 (Producing MI/RI) - Seminole County, Oklahoma $2,898 1/26/2010
16805 Federal Deposit Insurance Corporation - Industrial Development Trust #1 (RI) - Custer County, Oklahoma $7,885.50 1/26/2010
16891 Federal Deposit Insurance Corporation - SWOKCU Tr 27B-Ran17B2 (RI) - Oklahoma County, Oklahoma $2,688 1/26/2010
16876 Federal Deposit Insurance Corporation - Mary #19-8 (RI) - Blaine County, Oklahoma $1,270.50 1/26/2010
16877 Federal Deposit Insurance Corporation - Apache #27-1 (RI) - Bryan County, Oklahoma $1,585.50 1/26/2010
16875 Federal Deposit Insurance Corporation - Jasper #1-19 (RI) - Blaine County, Oklahoma $1,344 1/26/2010
16772 Federal Deposit Insurance Corporation - Hinton Townsite #1-34 (RI) - Caddo County, Oklahoma $2,719.50 1/26/2010
16879 Federal Deposit Insurance Corporation - Conley #1-315 (ORRI) - Ochiltree County, Texas $1,879.50 1/26/2010
16735 Federal Deposit Insurance Corporation - Phoebe "B" #2 (RI) - Burleson County, Texas $16,380 1/13/2010
16777 Federal Deposit Insurance Corporation - Damuth #1 (RI) - Montgomery County, Texas $10,678.50 12/17/2009
16802 Federal Deposit Insurance Corporation - Tipton #1-32 (RI) - Roger Mills County, Oklahoma $3,895.50 12/17/2009
16769 Federal Deposit Insurance Corporation - Red Eagle #2 (RI) - Creek County, Oklahoma $3,790.50 12/17/2009
16397 Federal Deposit Insurance Corporation - Shipley A6 - A17 (RI) - Pontotoc County, Oklahoma $14,070 12/17/2009
16444 Federal Deposit Insurance Corporation - 2 Well Package (RI) - Stephens County, Oklahoma $14,332.50 12/17/2009
16739 Federal Deposit Insurance Corporation - Mary 1-33 (ORRI) - Major County, Oklahoma $4,515 12/17/2009
16761 Federal Deposit Insurance Corporation - Tunnell #1-7 (RI) - Martin County, Texas $11,970 12/17/2009
16765 Federal Deposit Insurance Corporation - Klassen (RI) - Butler County, Kansas $3,228.75 12/17/2009
16776 Federal Deposit Insurance Corporation - Bear Creek North Unit #1H (RI) - Polk County, Texas $6,851.25 12/17/2009
16763 Federal Deposit Insurance Corporation - MG #2 & #7 (RI) - Pottawatomie County, Oklahoma $12,757.50 12/17/2009
16399 Federal Deposit Insurance Corporation - Huerfano Unit Tract 67A (ORRI) - San Juan County, New Mexico $16,485 12/17/2009
16392 Federal Deposit Insurance Corporation - Ecker #1 (RI) - Lincoln County, Oklahoma $57,750 12/17/2009
16310 Federal Deposit Insurance Corporation - Barnett Shale - Lowell Williams 4H & 6H (Producing MI/RI) - Hill County, Texas $976,500 12/1/2009
16393 Federal Deposit Insurance Corporation - Shepherd 1-6H (Producing MI/RI) - Seminole County, Oklahoma $25,252.50 12/1/2009
16360 Federal Deposit Insurance Corporation - Barnett Shale - Basped Unit (Producing MI/RI) - Tarrant County, Texas $20,475 12/1/2009
16474 Federal Deposit Insurance Corporation - J. W. Tucker #1-36 (Producing MI/RI) - Bryan County, Oklahoma $4,908.75 12/1/2009
16324 Federal Deposit Insurance Corporation - Horseshoe Hills Unit A-1H (Producing MI/RI) - Tarrant County, Texas $8,610 12/1/2009
16316 Federal Deposit Insurance Corporation - Chautauqua Platform Basin - Non-Producing Minerals (163.00 Gross/Net Acres) - Wagoner County, Oklahoma $28,455 11/17/2009
16313 Federal Deposit Insurance Corporation - Strawn Basin - Barnett Shale Non-Producing Minerals (107.663 NMA) - Tarrant County, Texas $745,500 11/17/2009
16348 Federal Deposit Insurance Corporation - Ouachita Folded Belt Basin - Non-Producing Minerals (50.00 NMA) - Dallas County, Texas $38,325 11/17/2009
16349 Federal Deposit Insurance Corporation - Gulf Coast Basin - Non-Producing Minerals (45.98 NMA) - San Jacinto County, Texas $12,600 11/17/2009
16323 Federal Deposit Insurance Corporation - Ouachita Folded Belt Basin - Non-Producing Minerals (42.50 NMA) - Bryan County, Oklahoma $23,100 11/17/2009
16311 Federal Deposit Insurance Corporation - Uinta Basin - Non-Producing Minerals (40.00 NMA) - Duchesne County, Utah $21,052.50 11/17/2009
16350 Federal Deposit Insurance Corporation - Arkoma Basin - Non-Producing Minerals (22.50 NMA) - LeFlore County, Oklahoma $13,020 11/17/2009
16314 Federal Deposit Insurance Corporation - East Texas Basin - Non-Producing Minerals (13.63 NMA) - Shelby County, Texas $64,575 11/17/2009
16315 Federal Deposit Insurance Corporation - Gulf Coast Basin - Non-Producing Minerals (8.00 NMA) - Newton County, Texas $7,140 11/17/2009
16357 Federal Deposit Insurance Corporation - Gulf Coast Basin - Non-Producing Minerals (5.02 NMA) - Atascosa County, Texas $5,260.50 11/17/2009
16358 Federal Deposit Insurance Corporation - Fort Worth Basin - Barnett Shale Non-Producing Minerals (3.53 NMA) - Johnson County, Texas $9,712.50 11/17/2009
16320 Federal Deposit Insurance Corporation - South Oklahoma Folded Belt Basin - Non-Producing Minerals (2.08 NMA) - Stephens County, Oklahoma $766.50 11/17/2009
16351 Federal Deposit Insurance Corporation - Ouachita Folded Belt Basin - Non-Producing Minerals (1.02802 NMA) - Bryan County, Oklahoma $2,126.25 11/17/2009
16352 Federal Deposit Insurance Corporation - Arkoma & Chautauqua Platform Basins - Non-Producing Minerals (0.87 NMA) - Pittsburg & Seminole Counties, Oklahoma $1,270.50 11/17/2009
16312 Federal Deposit Insurance Corporation - East Texas Basin - Rights to Lease Bonus and Delay Rentals - Anderson County, Texas $1,638 11/17/2009
16353 Federal Deposit Insurance Corporation - Fort Worth Syncline Basin - Non-Producing Minerals (1.647 NMA) - Denton County, Texas $4,226.25 11/12/2009
16293 Federal Deposit Insurance Corporation - Permian Basin - Non-Producing Minerals (0.43 Gross/Net Acres) - Eddy County, New Mexico $1,270.50 11/12/2009
16361 Federal Deposit Insurance Corporation - Gulf Coast Basin - Non-Producing Minerals (0.386 NMA) - Liberty County, Texas $472.50 11/12/2009
16356 Federal Deposit Insurance Corporation - Chautauqua Platform Basin - Non-Producing Minerals (1.50 NMA) - Oklahoma County, Oklahoma $1,407 11/12/2009
16359 Federal Deposit Insurance Corporation - Strawn Basin - Non-Producing Minerals (1.02 Gross/Net Acres) - Tarrant County, Texas $3,171 11/12/2009

These transactions are the sales of oil and gas related assets. Interested buyers should contact EnergyNet @ https://www.energynet.com




Last Updated 05/13/2014    assetmarketing@fdic.gov