• Listing ID: 1271918
  • (Seller ref: 1537)

Oil & Gas Lease In Louisiana For Sale


Location:
Category:
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Asking price:
$1,400,000 (Furniture / Fixtures and Inventory / Stock included)
Sales revenue:
$1,113,075
Cash flow:
$2,619,000
Years established:
2001
Employees:
0
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

No image available

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.

Facilities:
Full on-site facility with oil and gas tanks

Support:
On site opertaor to continue to maintain this field and can drill new wells to increase production of recoverable the attic oil

Growth:
With the proposed rework options that the operator will fund on his own, the 5 year net revenue is calculated to be over $13mm

Real Estate:
Not Included


Competition / Market:
Cumulative production from reserves is over 264MB oil and 338MMCF of gas
Reasons for selling:
Need capital to fund development
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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