Buy an Oil & Gas Leases With Proven Reserves business for sale in Utah on BusinessesForSale.com

  • Listing ID: 900650
  • (Seller ref: Utah-oil)

Oil & Gas Leases With Proven Reserves For Sale


Location:
Category:
Type:

Listed by:


Asking price:
Over $5m
Sales revenue:
< $500k
Cash flow:
< $250k

Oil Rig


Oil and Gas Leases covering 600,000 acres, mostly in Utah, including one producing well.

Multiple thrustbelt prospects in central Utah with 100 MMBO oil potential each.

60 square mile 3D seismic survey across our Salt Valley Anticline and Cactus Rose Units

Working Interest of approximately 50% is being sold.

Shale Gas development plays and conventional exploration objectives
for shallow oil and multiTCF gas reserve potential.

Producing well at Salt Valley Anticline with oil discovered at 4,200’


Real Estate:
Lease
Location:
Utah, Grand County, Paradox Basin, Horse Hollow, Parowan, White Rim, Salt Valley Anticline, Thomspon Deep, Thurst Belt, Utah Hingeline Thurst Belt
Premises details:
Paradox Basin
White Rim Powerline Prospect•
5 MMBO at 2,200
3,000 acres

Salt Valley Anticline•
7 MMBO EUR
24,000 acres in 3D Seismic area

Thomspon Deep•
4 TCFG at 12-16,500’
28,000 acres

Central Utah Thrust Belt

Parowon•
Multiple 100+ MMBO Prospects
65,000 acre block around the Parowan prospects in the southern extension of the Utah Hingeline Thrust Belt.
Size in square feet:
600,000 acres

For more information about this business for sale, click the Contact Seller button.


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