Judah petroleum interests to be sold for paying back victims - KCBD NewsChannel 11 Lubbock

Judah petroleum interests to be sold for paying back victims

LUBBOCK, TX (KCBD) -

A federal judge ordered on Tuesday that more of the property seized from Benny Judah can go up for auction.

Judah is the former Lubbock businessman who is now in prison for a Ponzi Scheme involving 250 or so victims -- mostly from the Lubbock area.  They stood to lose a little less than 40 million dollars however; a court-appointed Receivership Trustee has been selling Judah's property to at least partially reimburse the victims.

Judah had partial ownership in 8 oil or gas wells, which will now go up for auction on March 1, at 2 PM in the basement of the Lubbock National Bank building, 1001 Main Street.

The auctioneer will be Brent Graves and participants will be asked to register ahead of time.

For more information as the auction date approaches go to the Receiver's web site. The oil and gas wells are described as:

a. A 0.0625000 working interest in Flowers Foundation Gas Unit Well #3 (06B), Ashby (McDonald) (9000), API: 45-321-32133, Matagorda County, TX;

b. A 0.12500000 working interest in Hinchen Gas Unit Well #1 (02A), Saller (Travis Peak), API: 42-365-34832, Panola County, TX;

c. A 0.01170833 net revenue interest in Hinchen Gas Unit Well #2, Carthage Cotton Valley, API: 42-365-37520, Panola County, TX;

d. A 0.1250000 working interest in Miller Gas Unit #1, Naconiche Creek (Rod.- TP Cons.), API: 42-347-31652, Nacogdoches, TX;

e. A 0.0546875 working interest in SWOLI A-1; McAllen Rach (Guerra, E.), API: 42-215-33094, Hidalgo, TX;

f. A 0.06250000 working interest in R. B.  ET AL Trull Well #1 SWD, Ashby (Simpson), API: 42-321-31756, Matagorda County, TX;

g. A 0.06250000 working interest in R. B. Trull ET AL Gas Unit Well 2, Ashby (Frio, Lower), API: 42-321-31800; Matagorda County, TX;

h. A 0.250000 working interest in Walls #1, J. G. S. (Pettit, Lower), API: 42-365-34062, Panola, TX.

  • Local News on KCBD.comNewsMore>>

  • Police: Multiple shooters kill 1, injure 15 in Cincinnati following fight

    Police: Multiple shooters kill 1, injure 15 in Cincinnati following fight

    Sunday, March 26 2017 5:46 AM EDT2017-03-26 09:46:59 GMT
    Sunday, March 26 2017 1:28 PM EDT2017-03-26 17:28:49 GMT

    One person was killed and another 14 injured in a mass shooting at a Cincinnati nightclub early Sunday morning.

    One person was killed and another 14 injured in a mass shooting at a Cincinnati nightclub early Sunday morning.

  • Fire Weather Warning for this afternoon

    Fire Weather Warning for this afternoon

    Sunday, March 26 2017 10:33 AM EDT2017-03-26 14:33:36 GMT
    Sunday, March 26 2017 10:33 AM EDT2017-03-26 14:33:36 GMT
    The South Plains has been placed under a Fire Weather Warning valid from this afternoon at 1 p.m. until 8 p.m. this evening. Sustained winds at 20-30 mph, warm temperatures and low relative humidity values will create an elevated to critical fire weather risk for our area. A cold front will move through our area late tonight, shifting winds out of the north. Monday morning will be cool and breezy.
    The South Plains has been placed under a Fire Weather Warning valid from this afternoon at 1 p.m. until 8 p.m. this evening. Sustained winds at 20-30 mph, warm temperatures and low relative humidity values will create an elevated to critical fire weather risk for our area. A cold front will move through our area late tonight, shifting winds out of the north. Monday morning will be cool and breezy.
  • DC eagle cam: Eggs expected to hatch soon

    DC eagle cam: Eggs expected to hatch soon

    Sunday, March 26 2017 9:07 AM EDT2017-03-26 13:07:03 GMT
    Sunday, March 26 2017 9:07 AM EDT2017-03-26 13:07:02 GMT

    Eagle eggs typically take 35-38 days to hatch, and Sunday marks Day 35 for the first of the two eggs.

    Eagle eggs typically take 35-38 days to hatch, and Sunday marks Day 35 for the first of the two eggs.

Powered by Frankly