• Listing ID: 1271916
  • (Seller ref: 26411023)

Oil And Gas Lease Business In Cagle For Sale


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Asking price:
$1,400,000
Sales revenue:
$2,619,000
Cash flow:
$1,309,500
Years established:
2001

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TURNKEY OPERATION FOR AN ABSENTEE OWNER! Own 50% Working Interest of an Oil and Gas lease on a 160 acre site with a 100% W.I. and 70% NRI. Reserves of 200MB/oil and 350MMCF/gas. 3D seismic survey report done. Full on-site facility with oil & water tanks. Operator/seller will fund 1 of 2 rework options that will restart production at 50 BPD within 1 month and continue gradually to increase to 150BPD in 1 year . No additional funding needed from new owner. Seller will consider a joint venture partner.


Location:
Jefferson Davis County

Reasons for selling:
To generate capital for other projects.

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


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