Press Release

Two luxury homes, a travel center and an airport formerly owned by Patterson-UTI chief financial officer Jonathan (Jody) Nelson will be among 24 seized properties being sold at auction Sept. 28-30.

The properties, which were seized as a result of embezzlement charges against Nelson, will be sold in a series of four auctions in Lubbock, Possum Kingdom, Austin and Ruidoso, N.M., with J.P. King Auction Company managing the sales.

The properties will include:

– Two homes and three home sites in the resort town of Ruidoso, N.M. The auction will begin at 11 a.m. at the Cree Meadows Country Club in Ruidoso.

– Leases on a Possum Kingdom Lake resort, two lake homes and two lakefront condominiums. The auction will begin at 11 a.m. at the lodge.

– Chisum Travel center, Town & Country Airport, homes, commercial land and residential land. The auction will begin at 11 a.m. at the Holiday Inn Hotel towers, Lubbock.

– Luxury Lake Travis home in a gated community in Austin. The auction will begin at 6 p.m. at the home.

Real estate auctions, including those used to sell luxury homes, condominiums, home sites, land and other types of properties, are the nation’s fastest growing type of live auction. Individuals interested in additional information on the properties may contact J.P. King at 800.558.5464 or visit the company’s web site at www.jpking.com.

J.P. King, headquartered in Gadsden, Ala., is the nation’s leading auction marketing firm specializing in luxury homes, land, condominiums, commercial property and other high-end real estate. Recent sales have included mansions in Florida, Oregon and Colorado, condominiums in Alabama and Wisconsin, and land in Florida and Pennsylvania.

Posted: 08|29|06 at 8:12 am. Filed under: US News.