Buy a SUPER INVESTMENT - Oil/Gas Mineral Rights Assets For Sale business for sale in on BusinessesForSale.com

  • Advert ID: 664472
  • (Seller ref: BB03H01)

SUPER INVESTMENT - Oil/Gas Mineral Rights Assets For Sale


Location:
Category:

Listed by:

Asking price:
$10,000,000
Sales revenue:
Available on request
Net profit:
Available on request
Business closed / Asset sale:
Yes


MAJOR INVESTMENT OPPORTUNITY - Oil and Gas Mineral Rights Assets/ Interests. Pennsylvania/Bradford Oil Field minerals interests and properties, located just inside NY State. Shallow oil and gas production rework wells and interests. Much left to be gotten with 50% still available as virgin. Excellent deep gas potential ! Large acreage here available ! These assets include, assorted shallow and deep holdings and rights, royalties, leaseholds, wells & equipment, water and other rights. The Company is seeking a qualified buyer, in the medium-to-large range size or a serious minerals investor for acquiring its Mineral Rights Assets in Allegany County New York State. Also a qualified buyer for oil and gas interests owned by its subsidiary corporations and oil production property owned by the Company s President. The Corporation owns approximately 2000 acres of different oil and gas interests. Over 320 shallow oil and gas wells on the interests are available for operation or rework for further production or other use, along with deep rights. Much of the undeveloped areas have substantial reserves for future drilling for primary production, enabling a long-term potential for profitability. Owner would consider realistic offers.


Location:
Corporation owns approximately 2000 acres of different oil and gas interests, in Upstate New York.

Expansion potential:
Inventory and analysis of the oil and gas resources of Allegany & Cattaraugus Counties, New York by reputable geologists is estimated that the barrels of oil per acre in reserve would be 12,000 or more per acre, in areas that had thick and productive pay-sands, such as in the areas of the interests being sold. Most of the interests being sold by the Company are within the mentioned areas (pools) for good oil production. One is even in an area of higher potential producing oil from one well with much more land for further drilling.
Reasons for selling:
Owners ill health

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