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- RE: Own Absentee Run Oil Gas And Mineral Rights
- Contact: Bob F
Quick Facts
Asking Price: | $8,000,000 | |
Annual Revenue: | $25,000,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $500,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2014 | |
Employees: | Not Disclosed | |
BBN Listing #: | 946176 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Tremendous opportunity to own mineral royalty rights on 25,000+ acres in Oklahoma . The properties currently have 90 producing oil / nat gas wells which net you approximately $500,000 a year , 33 more wells have been approved and are ready to start drilling shortly . This will obviously add to your monthly income , but the HUGE opportunity here is 300+ more wells will be drilled over the next 10+ years at NO COST TO YOU! Conservative estimates are your YEARLY income will be $1 - $2 mil. in just a few years, and $2-$5+ mil. not long afterwards. This is something your grandkids kids will be getting monthly checks from since it will pay you for the next 50-100+ years . The drilling companies ( 7 total ) include Devon Energy and Continental , your monthly checks come directly from them. The day you buy this , you start earning your royalty $ &ith nat gas prices currently at rock bottom ($2) , without any new wells, your yearly income could, and will, jump to $1 mil+ when gas jumps to just $6!
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Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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