• Listing ID: 1282020
  • (Seller ref: 1507)

Oil Lease With Settled Production For Sale


Location:
Category:
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Asking price:
$1,700,000 (Furniture / Fixtures and Inventory / Stock included)
Sales revenue:
$919,800
Cash flow:
$1,314,000
Years established:
1977
Employees:
0
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

No image available

TURNKEY OPERATION FOR ABSENTEE OWNER! Oil leasing rights on 440 acres comprised of 3 parcels with 7 equipped oil wells and 2 water injection wells. Current settled production is 25-30 BPD. By adding a few upgrades to existing equipment (and $50K) production can increase to 40+ BPD. Current independant contractor on site will continue to operate for 1 year included in purchase price. 100% working interest with a NET 70%+ Revenue. Total depth is 4000+ feet with room to drill new wells at owners expense. Cash flow calculated at 40BPD @ $90 oil

Facilities:
N/A

Support:
Current Independant contractor on site will continue to operate this field for the first year included in the price point

Growth:
Ability to drill new wells at new owners expense and take advantage of the 85% Incentive Drilling Credit (IDC) allowed by IRS 1st year and 2.2% over the next 6 years

Real Estate:
Not Included


Competition / Market:
Excellent opportunity to buy into the petroleum industry while oil pricing is on an incline
Reasons for selling:
Generate capital for other projects
Financing available:
N/A

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


Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.

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