1. What? HYPERAMS is offering for sale seven (7) separate oil, gas, and other mineral interests located in North Dakota. Current operators of these interests include XTO Energy, Murex Petroleum, and Oasis Petroleum.
Sale is being conducted by HYPERAMS on behalf of Lutheran Social Services of North Dakota (LSS) by order of U.S. Bankruptcy Court, District of North Dakota (Fargo), Petition 21-30203.
An APA has been executed with a Stalking Horse. Qualifying bids must exceed the Stalking Horse purchase amount plus the Break Up Fee.
3. Qualified Bid and Bid Deadline. North-Dakota-Mineral-Interests-Bidding-Procedures.pdf
Any person that wishes to bid at the Auction must no later than 5:00 p.m. (Central) on December 15, 2021, submit via e-mail to Tom Pabst at [email protected], with a copy to LSS’s counsel Fredrikson & Byron, P.A., Attn: Steven R. Kinsella at [email protected], and LSS’s Chief Restructuring Officer Lighthouse Management Group Inc., Attn: Alex J. Dybsky at [email protected], a package (collectively, a “Bid Package”) that includes all of the following items:
5. About HYPERAMS. HYPERAMS is a full-service auction, appraisal, retail advisory and liquidation, and reverse logistics firm serving North America. We specialize in assisting both distressed and healthy companies manage surplus assets by providing clients with a complete asset disposition strategy.
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