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Texas Oil Lease For Sale

North Texas, Texas
  • $5,050,000
  • (Furniture / Fixtures and Inventory / Stock included)

Sales revenue:
$4,351,257
Cash flow:
$6,205,000
Contact Seller
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TURNKEY OPERATION ABSENTEE OWNER! Oil lease with Net 75% Working Interest. 465 acres with 67 total wells - 12 wells producing 15 Barrels Per Day(BPD), 42 shut-ins, 13 salt water disposal wells. Current operator will rework 30 shut-ins and add 12 new drills included in purchase price. Timeline to complete is 4 months for a potential of over 200 BPD. The reserve analysis forecast is 2 million barels of recoverable oil in the leased area. Oil prices calculated on Texas spot currently around $90 per barrel.

Facilities:
465 acres of oil rich land

Support:
Whatever is required

Growth:
Based on reserves

Real Estate:
Not Included


Competition / Market:
Based on Spot price of Oil
Reasons for selling:
Development Capital
Employees:
0
Years established:
1985
Financing available:
Possible by outside lenders
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.


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