Sample
Partner memo S-01 · private, for partners on the list
Quarry Lark Energy, LLC and affiliates
Case No. 00-00000 (sample number), United States Bankruptcy Court for the Sample District of Texas (no such district). Plan confirmed; the liquidating trustee has moved to sell "all remaining oil, gas and mineral interests" at auction.
- Your answer by
- November 10, 2026
- Bid deadline
- November 13, 2026
- Auction
- November 17, 2026
- Sale hearing
- November 24, 2026
What is for sale
Exhibit A to the sale motion lists overriding royalties in Caliche County, Texas (no such county), and ends with "all other oil, gas and mineral interests of the debtors, whether or not scheduled."
What our record screen found
| Item | What we found | How sure |
|---|---|---|
| QL-1 | Overriding royalty in four leases, Caliche County. We read the recorded assignment to the debtor. | Confirmed |
| QL-1 | Two wells on those leases report production through the latest month in state records; the operator's statement in the estate's papers agrees. | Corroborated |
| QL-2 | Mineral interest in one tract. The deed is in the county index; we have not read it yet. | Indexed |
| QL-3 | Two lease assignments to an affiliate whose name is not on the schedules. | Lead |
| Suspense | The estate's ledger shows one payor holding money on QL-1 since 2023, for title. | Indexed |
What is unknown
- Whether the affiliate's two assignments (QL-3) were later reassigned or released.
- How much the payor holds in suspense, and what it will ask for to release it.
- Whether an earlier reserved override burdens QL-1.
- What the QL-2 deed actually conveys.
Work plan
Before the bid
Pull and read the QL-2 deed. Search the affiliate's name in the clerk index and the state records. Ask the trustee for the payor's suspense statement. Each result goes to the partners on this deal before their answer date.
After closing
Record the sale order and the trustee's assignment to the buyer in Caliche County. Send transfer orders to the payors and sign up the division orders. Claim the suspense. Curative on QL-3 and anything the pulls leave open.
Sample. Made-up estate, court, county, names and records. Not a real deal.
